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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (8524)	11/19/1997 12:13:00 AM
From: Joss	Respond to of 18056

Hi Sankar, I would say that Clinton's lack of a domestic policy coupled with some correct nay saying by congress (like the health care bill that would have bankrupted the country) have allowed the markets to run apace. Good night! Steve

To: Rational who wrote (8524)	11/19/1997 12:15:00 AM
From: Simon	Read Replies (1) \| Respond to of 18056

<< Bill Clinton's regime took the stock market to this high.>>> You can't blame Clinton for the stock market: ie the Dow/S&P/Oex etc. The charts of all are on a parabolic curve right at the top. Six months ago, Dell appeared almost the same at $ 75. It then proceeded to to go to 180. The split brought the chart back down to look like 6 Mo. earlier. The trouble with the Dow is U can't split it 2/1 on a chart. There have been a lot of bubbles in the past. I never heard anybody say Hoover took the market to an all time high. It just happens. Read McKay's book "Manias and other popular Delusions" from 1870.

To: Rational who wrote (8524)	11/19/1997 9:51:00 AM
From: Jocelyn Ally	Read Replies (1) \| Respond to of 18056

Found in the news: The battering taken by Japanese stocks had a knock-on effect on the yen, weakening it against the dollar and European currencies as fears grew about Japan's ailing economy. Could the mixed comments by Japanese govt. be a move to weaken the currency still more so they can unload Treas. for even more Yen? Once they've unloaded a good chunk, they can hype their support again to lift the stock market, having tested on monday it works? I want a relative to move in 30Y bonds (USA or Canada) but i'm no longer sure it's a good idea ... Jocelyn