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

To: Zeev Hed who wrote (8652)11/20/1997 10:04:00 AM
From: Jack Clarke  Read Replies (6) | Respond to of 18056
 
Zeev, Sankar, Mohan, Haim, Tommaso -- anyone:
Help me to understand! The market is horribly overvalued. We have a crisis in Asia which threatens the world economies and therefore the confidence necessary to maintain our margined banking system. The bailouts necessary should dilute the value of currencies doing the bailing, since the money is being printed. Our own balance of trade worsened on this AM's announcement:

biz.yahoo.com

So why is the market exploding to the upside? Is it just because Saddam has kissed and made up with Clinton and will now allow a handful of inspectors to "find" anything he has hidden in a whole country? What a joke. But the people are buying! Who ARE those guys? Sometimes I think I am reading Alice in Wonderland.

Jack



To: Zeev Hed who wrote (8652)11/20/1997 1:40:00 PM
From: Mark Nelson  Read Replies (1) | Respond to of 18056
 
Zeev,
If Japan does go ahead and sell Treasuries won't the yen strengthen and weaken the export led recovery (even temporarily)? I can't help but think that this factor is holding the yen from dropping further. It seem that the medicine for Japan's economy may be a kill or cure kind of thing, sort of like chemotherapy.
What are the turnips looking like today?

Mark


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