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

To: bearshark who wrote (11296)	12/11/1997 11:37:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 94695

Mark Mobius...live from Thailand on CNBC said the Korean market could go down another 20%. On SE Asia in general he said "it is probably going to get worse before it gets better", he sounded a little shellshocked to me...and slightly annoyed that the problem stems from restrictions on foreign investors being able to get in to a greater degree (in Thailand) and an unwillingness for these governements to do what they need to do as far as shutting things down ("a lot of these companies have NO equity now....") yikes...will be interesting to see if his call on Korea for tonight (down 5-6%) carries over to Japan.