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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?

To: BenYeung who wrote (25)	11/25/1997 8:14:00 AM
From: ccryder	Read Replies (1) \| Respond to of 492

Did the Japaneese investment house go under buying and selling stocks for their customer's? NO! More likely they got stuck with huge inventories on margin that they could not convince their customers to buy.

To: BenYeung who wrote (25)	11/25/1997 1:43:00 PM
From: ccryder	Read Replies (2) \| Respond to of 492

<<Neither do I believe that the so-called currency crisis will play a role in the appreciation of stock prices.>> An interesting point. What does? My answer is the supply of money and how badly the sellers want it. Earnings will play a role in which company or industry people will want to buy but earnings have nothing to do with market capitalization (total market value of all stocks). As for the currency crisis, there isn't really a currency crisis. The crisis was the cost of real estate and stocks in the Pacific rim, or in other words, easy credit. If foreign stocks were priced too high, US stocks would look attractive and the US market would (will) see an influx of investment from Asia. This influx will more than make up for loss of interest by US investors. Your caution on the JBIL thread about 'don't sell, you will pay more later' is right on the mark. Cheap money: I can finance stock purchases by using cash from an 18 percent charge account then transfer the debit to a new account for a year at 5.6 percent. I haven't but some people are doing it.