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To: Tom Trader who wrote (26748)10/23/1997 3:18:00 PM
From: donald sew  Respond to of 58727
 
Tom,

I am far from being knowledgable on the fundamentals, but I am now strongly believing that Greenspan now will not be able to increase rates, due pressures from the Asian countries.

From the U.S. exports side, believe the Hong Kong problem will reduce U.S. Exports there and other Asian countries therefore it may effect future earnings on some of the U.S. multi-nationals to the downside, which in turn should be another reason why Greenspan will not increase rates now.



To: Tom Trader who wrote (26748)10/23/1997 3:30:00 PM
From: donald sew  Read Replies (3) | Respond to of 58727
 
Tom,

As I indicated earlier the Hong Kong and Malaysian markets are a CLASS 1 buy today(tonight/tomorrow morning). It can still dip but should at least bottom out soon if not tomorrow. If it does form a bottom tonight then we should be OK. Tag that with the likihood that Greenspan will not increase rates - we should move up nicely/strongly.