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To: PaulM who wrote (7074)2/2/1998 5:12:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116764
 
Hi-
To buy equities in a country one needs to buy the currency..two
major brokerages think that a lot of Japanese companies are cheap
which would suggest a higher yen. Hong Kong was up 14 percent today..
Indonesia up 14 percent..Also from what I have read, Hong Kong is
sensitive to interest rates..most predict interest rates are going
lower here.
If money continues to flow east, wouldn't there be dollar selling
to buy those equities?
Also major investors appear to buy at bottoms when all bad news is out
whereas little investors look at all bad news and say how awful and
stay away..
Don't mean to sound cryptic...just trying to say what I think about
when I hear the news..re news..if paper is still king, maybe big
time investors are just playing the bubbles and are hoping to get
out before everybody else? Maybe small time investors are looking
at the fundamentals and not playing the bubbles..
History always repeats itself..Down the road think your strategy is
right!(Heard on CNN from Myron Kandel(sp) saying he spoke to a lot
of major corporation heads and they are not worried about Year2000
and they reported their corporations should do well in 1998)
Bobby
ps..there were a lot of great posts last night..interesting reading!