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

To: Tommaso who wrote (9359)	11/8/1997 9:04:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Gloom, doom, and despondency over Asia share Copyright c 1997 Nando.net Copyright c 1997 Reuters HONG KONG (November 8, 1997 8:11 p.m. EST nando.net) - Unabated gloom will hang over Asian shares this week as they face more currency turmoil, economic uncertainty and jitters in other world stock markets. "It's all been one-way traffic," said one regional head trader at a major European investment bank. "The volumes have dried up dramatically. People are looking for value but they're not doing very much at all." www2.nando.net and about South Korea www2.nando.net Happy Trading Haim

To: Tommaso who wrote (9359)	11/8/1997 9:24:00 PM
From: Joseph G.	Respond to of 94695

T, <<I really am afraid that when our present market bubble pops there will be pressure to provide restitution for ill-advised investments in mutual funds. >> That will be the time to find cure for deflation - so inflation will fit just fine. -g- And, that S&L guy is probably from a prominent family, has connections in the community, went to the right schools ... Hand washes hand, you rub my back and I'll rub yours ... Joe

To: Tommaso who wrote (9359)	11/8/1997 11:43:00 PM
From: Elllk	Read Replies (2) \| Respond to of 94695

Tommaso My theory is that most of the crooks who ran the savings and loans banks into the ground are now doing HMO's. As soon as they run them into the ground they will be moving into some other area favored by the tilt of the politico-economico landscape (information about which they have the power and money to be privy to). You are certainly right about "government welfare on a truly enormous scale." Here is something from "The Imperial Middle: Why America Can't Think Straight About Class": <<My subject is a nation in shackles, its thought, character, and public policy locked in distortion and lies. The deciet I speak of corrodes every aspect of American life. It legitimizes, in war, arrangements exempting without cause large sectors of the younger male population from the burdens and sacrifice of service. It grants giant subsidies for housing, education, and healthcare in obedience to a single precept: benevolence is most deserved where least needed. It intimates in comtempt of reality that whatever injustice exists in America resides on the margins and among the minorities, remote from the center and the majority.>> Larry

To: Tommaso who wrote (9359)	11/9/1997 12:08:00 AM
From: Orhan Birol	Read Replies (2) \| Respond to of 94695

Tommaso, If this fast-track legislation does not pass the house this weekend it may end up to be last nail to the coffin of this great bull market. The market having already broken down, I think will not take another percieved assult on free trade. The first break on 10/17 ended the minute CNBC announced, and rushed to the screen a couple of Japanese trade-negotiators with their US counterparts announcing that a settlement was on the way with the Japanese shipping companies. The instability in the currency markets is not a big help to international trade as it is, the blockage of this legislation may start a snowball effect in the far east tomorrow night. If you remmember my post of a month ago or so, I stated that this market will not crash because of higher interest rates, possibly because of a fear of recession and deflation but most probably because of an unpredictible event. I now think that event, will be the percieved threat to international trade brought about by the weakness of other currencies, specially our great trading partners' in Asia. AND FINALLY THE BLOCKAGE OF THE FAST-TRACK. We all remmember the blame Baker got with the statements he made on the dollar before the crash, and the blame the protectionists got after the great crash! Big Kahuna! Or beginning of a long bear market! I will take the first anytime. Orhan