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

To: Harvey Allen who wrote (7586)10/26/1997 10:57:00 PM
From: Mark Nelson  Read Replies (1) | Respond to of 94695
 
Interesting article in the South China Morning Post.
Caution watchword in Tokyo
scmp.com

Some quotes:
"The fact that the rebound in Tokyo on
Friday, as well as the bulk of the buying
in recent sessions, was driven by
government-steered funds was also
reason for concern."

"Tokyo Stock Exchange data showed that
investment trust banks were the only net
buyers on the Tokyo, Osaka and Nagoya
exchanges in the week of October 13 to
17."

Veddy interesting....

Onward...
Mark



To: Harvey Allen who wrote (7586)10/26/1997 10:59:00 PM
From: Don Pueblo  Read Replies (2) | Respond to of 94695
 
Relax, the sky is not falling.

I feel that it is my duty to provide some level-headedness in the midst of this Kahuna dance. We know that Asia provides a very small percentage of profits to American businesses. Their troubles are simply that, their troubles. There is no way that turmoil halfway across the globe could spill over and affect the DOW. We have to try to remain calm...

Who am I kidding?

SELL!!! SELL!!!

TLC


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