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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (8514)	11/13/1997 2:35:00 PM
From: tom pope	Respond to of 13456

i agree with you marc. i lived in hong kong for a couple of years in the fifties and was a member of a fairly regular poker game that was always five card stud, table stakes, (no limits except the pile of chips in front of you.) it didn't matter for the chinese members (all shanghainese) if they were up or down, as long as the action was heavy. and the property bubble that has been ongoing for so many years has created a casino mentality that the booming stock market just reinforced. it's been virtually impossible to lose money in stocks or property in hong kong for god knows how many years. this may of course all change if there's been a permanent destruction of wealth. as happened in japan - not that there was a casino mentality in japan, but that public participation is now much less than it was when the nikkei was way north of where it is now.