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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (11670)	12/16/1997 8:53:00 PM
From: Rmn	Respond to of 18056

This is not over yet Jack, Bejing pledged not to devalue the yuan, to maintaine its market share. i bet its gona happen soon. That would set off another wave of devaluations. Ramsey

To: Jack Clarke who wrote (11670)	12/16/1997 9:07:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18056

HI all; I got my Strategic Investment newsletter today (I keep it for the amusement value rather than any market advice...) and there is an article by David Tice included. Rather than violate his copyright, I will synopsize it here: He says the first leg of the bear market is on, and the asian problem hasn't been discounted yet. Japan's in trouble, in particular their banks, and they may sell US treasuries even faster than they already are. Fed reserve custody accounts have fallen below Jan 1997 levels. Believes decline in long interest rates is about over. Notes investors unable to exit at top due to panic. Inflows to mutual funds not as robust in November as in past rallies. Looking like 1920s when other economies and markets declined but US prospered. But bear market has started. Yahoo at all time high on no news, even though MSFT is entering their market. Lam Research has 40% exposure to asia and semiconductor supply industry. MBIA can be hurt badly by a deteriorating financial crisis, due to Thailand loans. Intel due to dissapoint with Pentium II to go into sub $1000 pcs. CHK (Chesapeake Energy) has an uneconomic program of wells. Should drop to below $3 per share. strategicinvestment.com -- Carl