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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?


To: Robert K. who wrote (4873)11/24/1997 7:36:00 AM
From: Arthur Radley  Read Replies (1) | Respond to of 17367
 
Robert,
Those numbers you see for the Japanese market are Friday's numbers.Their market is closed there today. It is tomorrow that I'm worried about because of the turmoil in the various brokerage houses.



To: Robert K. who wrote (4873)11/24/1997 2:05:00 PM
From: Andrew H  Respond to of 17367
 
>> Real touchie situation IMO. Agree/disagree?<<

Agree, Robert, agree. I suspect Japan will find a way out of the current crisis without any heavy selling of their US bonds, but I wouldn't bet the farm on it. Truthfully my understanding of what's happening in Japan is quite limited. So I rely on Tharos's views.

If several other houses and/or banks go under, it will certainly affect the US market, although it is holding up well today. My guess is that Japan, the US, the IMF, APEC, etc., will do what's necessary to contain the situation. Too much is at stake. Doesn't mean they will necessarily be successful.

It is troubling to say the least, but fundamentals in the US do remain very strong. Still in the global village we live in today, all are interdependent.