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

To: B Tate who wrote (2534)	3/5/1998 2:41:00 AM
From: B Tate	Respond to of 9980

To all Calm has returned to the KLSE after two days of sell-off. All the indexes are up slightly as of 3:30 PM, including the financials. Articles on the front page of the financial section of the NST today indicate that Bank Bumi and CEMPAK Finance will not require additional capitalizations as Bank Negara said yesterday. They can manage by better credit quality in the future and the picture isn't as bleak as Bank Negara painted it. Can anyone spell DENIAL?? If this continues you can look for another melt down similar to Thailand. Same page: KL ASSURES SINGAPORE DEPOSITS GUARANTEED Malaysia's central bank has assured Singapore that all deposits with Malaysian banks and finance companies overseas are fully guaranteed.... CNBC Asia this AM:....if the situation continues without reality setting in this will make Thailand and Indonesia look pale..... What me worry? NOPE! Just put all my money in my pocket. Regards from the first side of the world. Keep your "shorts" on today! brt