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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Bigpoppabass who wrote (926)	11/24/1997 10:21:00 PM
From: Bob Swift	Read Replies (2) \| Respond to of 2951

A few years back, certain person interviewed by Barrons advised people to buy land in Africa instead of investing in the market. In the fall of 1994 when the Dow was at 3800, it interviewed another well respected investment expert who opinioned that the market looks "really bad". Reading Alan Abelson's column gives me the feeling that I am constantly being laughed at as a stupid commoner who is trying to make a buck and don't know what I am doing. The market is always too high and all the stupid investors are going to lose their shirts. I have got to the point of avoiding reading his column 'cause I am fed up reading cynical writings week after week.

To: Bigpoppabass who wrote (926)	11/25/1997
From: ----------	Read Replies (2) \| Respond to of 2951

Greg: While I didn't read the article, I will try to. I reiterate, just as I did in an article published in the Hong Kong Standard newspaper in July, that I am in favor of a break between the HK$ & the US$. However, I believe the HK$ should be HIGHER, not devalued. The Japanese debacle may cause the break, and will also press up the value of the HK$ if the break occurs. Why? We all know why. IF the Japanese get in a financial bind, where are they going to get money? By selling U.S. Treasuries! Hell, they own more U.S. debt (and almost as much U.S. real estate) as Americans do! If they start mass selling of Treasuries, our rates will take off like a skyrocket on 4th of July. HK, on the other hand, may experience some brief market downturn as the Japanese pull out their stock investments. However, UNlike the U.S, HK has not sold its' fiscal soul to any foreign country. Doug