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

To: Michael Rich who wrote (9733)11/15/1997 1:03:00 AM
From: Joss  Read Replies (1) | Respond to of 94695
 
Hi Michael,

You are correct that most know the situation in Iraq. Problem is, the markets have a way of reacting badly to the obvious.... short term. No predictions from me on the fall out. Last time the high techs ralleyed because everyone thought they were wonderfull ....when they did not even have to perform. I give up on what will happen this time....probably whatever was learned on the last dip of confilct.

Steve



To: Michael Rich who wrote (9733)11/15/1997 1:18:00 AM
From: Bonnie Bear  Respond to of 94695
 
Michael: we been there and done that with Iraq. I'm concerned about Japan Inc going under and taking the US with it. Something very ugly happened to the Japanese stock market on Thursday night.
BTW the estimate is that 20% of global bank debt is in default from the stock market meltdowns. Not sure how the US market can go on much longer close to century highs in valuation.


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