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To: BuzzVA who wrote (8152)12/8/1997 7:43:00 AM
From: Charles A. King  Respond to of 13091
 
Buzz, I've been interested in the effect myself and maybe traders among us could comment. But too many times I see sentiment reverse itself in a matter of hours, and what was common wisdom one day is no longer in vogue the next.

Charles



To: BuzzVA who wrote (8152)12/8/1997 9:02:00 AM
From: Charles A. King  Read Replies (2) | Respond to of 13091
 
Buzz, I just remembered this story.

Ruling party to consider selling
U.S. bonds to aid banks

Copyright c 1997 Nando.net
Copyright c 1997 The Associated Press

TOKYO (December 7, 1997 6:41 p.m. EST
nando.net) -- Japan's governing party plans to look into
selling some of the government's holdings of U.S. Treasury
bonds to assist Japanese banks that are having trouble
obtaining dollars, media reports said Sunday.


A story like this earlier in the year caused the dollar and market to drop. Maybe this time with the dollar so strong, the market will shrug it off as just another false alarm.

Charles