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To: mike gubser who wrote (37939)10/28/1997 4:57:00 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 186894
 
Hi Mike.What is the feeling in Europe about all this? To resolve the crisis that is? What do they think is the cause?
Personally I think that it is a pure COINCIDENCE of events, which, in and of themselves, would not have come this far but which taken together are assuming a disproportionate size:
-Low tech eps
-occurring in Oct
-a bad month anyway ( Funds close books/take profits)
-10 year 1987 crash anniversary
-overvalued market in seveeral/high tech aereas.
-economy in " new paradigm status" tha few people really understand
or can totally explain, low iflation, strong econom etc.
-Asian mishandling by few small countries ( malaysia )
-Hong kong taken over by China, a big shift on the East.
-Last leader left in Techs, Intel,forced to compete with minor start up AMD had to cut prices--> lower eps, at this time.
-erroneous announcem about reasons for Ontel not opening factory in Texas.
-European economies stalling because of forth coming Europ Union.

People dump all of the above in one basket, connect it all together,
throw up their hands and gg,---> flee, gg.
The market collars haven't helped.They should have been taken off, or at lest increased in size, long time ago.

" The world needs an enema ",
Jack Nickolson, The Joker, Batman.

Get it all out anf feel better. GG.

TA



To: mike gubser who wrote (37939)10/28/1997 5:01:00 AM
From: ed  Read Replies (1) | Respond to of 186894
 
We had this currency crisis three months ago, but the US stock market did not really react
until the Hong Kong show came to play !!!!!!!!!

So , the Heng Seng is not the real cause which crash the world market. I do not think Hong Kong is so special. The real problem came from China. Hong Kong's currency is linked
with Chinese Yans.The rest is up to your imagination...