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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (6933)	10/23/1997 10:01:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 94695

Bonnie- this is what probably is the real case- divergence in ASEAN and DOW like divergence of Nikei and Dow since 90's. Sympathetic fall of bourses but at opposite spectrum of economic profitiblity and productivity cycle. I am taking my cue from bonds- and I doubt that if SPZ is unable to close below 950 anything drastic will happen. Higher bond prices and good corporate earnings lower US deficits are peculiar issues seprating US and ASEAN economies. The melt down over there has started exactly for opposite economic reasons what are now prevelant within US- we have to ask a simple question- is government living outsude its means- has government borrowing requirements going higher- is p8ublic sector debt denominated in a currency which is appreciating? For me answers of all these are no. I think this crisis will pass. Bond yields at 6.30 will soon be noticed and actual selling I doubt, but it is to early in the day- flight to qualty also means flight to better equities.