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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (489)	1/6/1998 8:19:00 AM
From: Frodo Baxter	Respond to of 9980

>Today, NYSE had to halt after massive program selling. What? What are you smoking? >I was sure last night that the market would react (erroneously) very positively, but it did not. This means that smart money is getting out of stocks to bonds and US$ and still smarter money is short on US$. So let me get this straight. The stock market fails to rally for 1 day, so that must mean that everybody is beating for the exits? Ugh. If you haven't noticed, stocks, bonds, and $ have all rallied in tandem and continue to do so. If Asian currencies are undervalued, which one are you long? Or are you just blowing smoke with no real money at risk?