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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (10433)	11/25/1997 10:04:00 PM
From: Staff	Read Replies (1) \| Respond to of 94695

Japan is slightly higher as you say and there is some intervention especially last night. It made todays announcement look better anyway after the summit.. You might want to note however that today the DEC. S&P, though a bit higher in the aftermarket now , did not rally with the dow at the end of the day. Dow was up 40 but the S&P Dec. fell right into the close. If you check the volume the selling was pretty robust by someone. Something that is going on in Japan as we speak may be of interest to you and then maybe not. check out the following: >>the ruling Liberal DemocraticParty has drafted plans to use public funds to strengthen the Deposit Insurance Corp,<<< Sort of like Ruben announcing that we are going to dip into your safty deposit boxes for more dough because everything we had in regular reserves have already tapped out :-) Think I'll call my Grandma and tell her to start taking out all her cash out of the bank. Maybe just bury it in little jars in the back yard like in 1929. At least the G7 and others like them won't know where it's burried in the event they need to play the same game next week in the US. I love the latest new report that came out about 15 minutes ago: report : >> Yamaichi said on Monday it would close down following revelations of hidden debts of 260 billion yen partly created through improper "tobashi" or "pitching" deals, in which loss-making portfolios are shifted from client to client with a pledge that the paper losses will be covered. Opps... guess they fibbed! And they say only Vegas is run by gangsters? >>> The closure of Yamaichi, which was the smallest of Japan's "Big Four" brokerage, is casting a long shadow over shares in other brokerage houses by fanning market speculation that more brokerages may have followed Yamaichi dealings, brokers said.<<< We do this and we all get a room for life in OZ ( or pick your prison of choice):-) they do it and they use hard working peoples saving to save their Mercedes from being reposessed. Sounds like they thought up some great new fiscal policy during the latest meeting. I wonder if it was Clintons idea?