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


To: Paxb2u who wrote (9129)11/23/1997 8:23:00 PM
From: Rational  Read Replies (1) | Respond to of 18056
 
Peter:

However, what would you say is the reason for this lack of recognition of the situation on the part of the US markets?

I knew you would ask this question!! <VBG> Until Asian companies actually sell their US stocks, the market here has no reason to bid down the price because none here is offering the stocks at lower prices.

If the US investors can buy the extra supply at current prices, there will be no effect. Otherwise, I expect a precipitous decline following program selling.

Sankar