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

To: Cynic 2005 who wrote (7859)	10/27/1997 5:52:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 94695

Hi Mohan, >>I have read in today's wires that redemptions have begun. If they are in full force, imagine the damage it can cause! Yes, this is the next wild card. Joan

To: Cynic 2005 who wrote (7859)	10/27/1997 5:58:00 PM
From: IQBAL LATIF	Respond to of 94695

Mohan- Lets see what happens tomorrow?- 6800 or 7200- Redemptions will be contained as most of the investors are in for long term and I doubt they will overlook this opprtunity to buy if market stabilises at levels of 6800-.

To: Cynic 2005 who wrote (7859)	10/27/1997 6:58:00 PM
From: tekgk	Read Replies (2) \| Respond to of 94695

The real driver for the run up in the market was the plaza accords. This resulted in over 1 trillion in foreign money coming into our bond and stock markets. The flow stopped in June. The mutual fund money was only 1/3 of the new money. Any one that believes that the market will go right back to where it came from and then on to 10,000 in a couple of months needs to explain how Asia will come up with a trillion to invest here this time around or they need to find a spare trillion somewhere else.