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To: patron_anejo_por_favor who wrote (112489)7/13/2001 2:55:07 AM
From: TobagoJack  Respond to of 436258
 
The dying currency of a finished republic may get a respite tonight if Beijing gets the Olympics because it will mean Taiwan will get at least 7 more years of existence. Taiwan had a big role in throwing the vote to Sydney last time by spending their $ on some African voters.

Separately, Hong Kong market was supposed to go up by 400 points per morning call. It did not, probably due to the big houses' selling, portending bad things for the US market tonight.

The manufacturing boss-execs in HK (factories in China, markets in US, Europe and Japan) are now uniformly saying "I have never seen it this bad before". A large LCD maker boss said to me: "no orders placed in May".

Properties on the Victoria Peak (US$ 1500/sqf) are seeing the largest round of foreclosures ever in HK's history.

If the US FED has magic still in pocket, better use it while it can still create a one-day wonder bounce.

Chugs, Jay



To: patron_anejo_por_favor who wrote (112489)7/13/2001 3:51:09 AM
From: NOW  Respond to of 436258
 
rummy computer component maker country; ignore....



To: patron_anejo_por_favor who wrote (112489)7/14/2001 11:39:21 AM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
Patron any thoughts on this?
In particular note declining mortgage applications.
Is it FINALLY time to short FNM. I have leap puts underwater but they are 2003 or 2004 can not remember but I thought they were cheap. Isn't summer a strong period for mortgages usually.

dismal.com

"The recent decline in the WLI suggests that the possibility of recovery by the end of the year is eroding. This week's jobless claims report and the continued slump in the market will push the index down more, a further indication that recovery will be slow and painful."

TE