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

To: Bonnie Bear who wrote (14879)	3/15/1998 11:57:00 PM
From: Real Man	Read Replies (1) \| Respond to of 18056

Nah, no safe heaven; should the market drop, foreigners would be running away and drop the $. Should the $ drop, foreigners would run away and drop the market. Often a currency becomes very strong after a sharp drop, about 1/2 year after the drop. When SEA currencies strengthen, would you expect trouble? Still have no idea when this happens. Would go long undervalued foreign markets, like Mexico and Russia. -Vi

To: Bonnie Bear who wrote (14879)	3/16/1998 2:14:00 AM
From: Bilow	Read Replies (1) \| Respond to of 18056

Hi Bonnie Bear; Was the subject a severe bear market only happening as a result of the Fed raising interest rates to 12- 14%? But in '29-'32, we managed to get a pretty strong bear market correction (modern investors would call it a bull market correction, since they don't believe in bear markets), and I don't think we saw (federal debt) interest rates rise. I think, in fact, they declined. On the other hand, company bonds did drop some. (Flight to quality.) This week's Barrons was about as bearish as they get. Usually I try to fade their tilt. The problem is that I always agree with them. -- Carl