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

To: Mike McFarland who wrote (15178)	3/25/1998 10:37:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 18056

Mike: the prize, the money sitting on the sidelines, is many trillions of dollars sitting in Japanese cash accounts. The brokerages are all drooling over getting Japanese to "invest" instead of letting it sit in cash, as part of big-bang financial reform. The problem with this , of course, is the reason the Japanese are sitting in cash is because that's where they put it after losing 20-30-40% in the decline of the Japanese stock market. No matter. India financial minister vowed today to make his country better for foreign investment. The market always finds a place for unwanted cash. I notice Dell's market cap is handily larger than CPQ. That is absurd, but there it is. I would really like to see CPQ and IBM merge- that would shake the market. The story about Japan going into recession and the amount of cash sitting in their accounts does not jive- Japan is NOT going into recession with that much cash. China, as primary exporter, a nation of a billion producers, is not going into recession. If you look at the situation- here we are with no cash and little to produce in the foreign exchange market- it gives you a grim thought of the country really likely to head into a recession....us.