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To: J.T. who wrote (12597)10/23/1997 10:10:00 AM
From: IQBAL LATIF  Read Replies (4) | Respond to of 50167
 
Equities will unable to resist bond heading for 6%, alraedy DOW is resisting a fall. Look at one major point i.e. has US corporate sector borrowed in a currency which has appreciated 20%? No- US has shown a keen divergence with biggest falling market on earth and US largest trading partner Japan for last 5 years- ASEANs as a matter of %age are far below creating economic impact on USA markets- FTSE is far more exposed because of its colonial ties- think of Mexico melt down and US that was more of a serious threat, for UK Hang sang is Mexico but US bonds and equities will turn this tide. I am looking at a close above 960 and bonds to take out 116,28.



To: J.T. who wrote (12597)10/23/1997 10:12:00 AM
From: Gaston Teran  Respond to of 50167
 
Hello,
I must admit that I do not know what a 10% crorrection/crash in Hong Kong means to the US stock markets. I can see the impact to worldwide stocks like Coca-cola, etc, but US companies? Basically I see the markets down, the fundamentals right now pretty good, and most importantly the bond market very good! So buy on the dip, or like briefing.com cautions "the risks in asia are real" and should stay mostly cash?

Gaston