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


To: P.T.Burnem who wrote (9516)11/11/1997 5:27:00 PM
From: GROUND ZERO™  Read Replies (6) | Respond to of 94695
 
Hi PTB,

Remember, in confusion there's a profit to be made. I think the impending disaster is already priced into that market. It sounds to me like a great buying opportunity.

And, gee whiz, that's just what I did today, buy Hong Kong and the Nikkei. I think we're near or at a major bottom in those markets and U.S. equities will be the major benefactor of the action in those markets.

We all know we should buy low and sell high, but it seems that human nature won't allow us the luxury of wandering too far from the pack.

Everyone is selling, the bad news is out. A great investment opportunity is waiting for those with vision beyond the end of this quarter. In a few years, these lows will be history. At 10,000 in both markets, I think it's well worth the risk of risk capitol. Okay, I said it, now let me have it.

GZ



To: P.T.Burnem who wrote (9516)11/12/1997 12:07:00 PM
From: P.T.Burnem  Respond to of 94695
 
Higher rates knocked the stockmarket -- the Hang Seng Index lost almost a third of its value during the past month -- because seven out of 10 Hongkong companies invest in real estate.
(excerpted from BT Online)

Btw, HK is the world's 4th largest financial center. Should the HK banking system collapse under the weight of bad real-estate loans, I dare not predict what may happen to the US equity markets.

PTB