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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Edwards who wrote (472)	3/31/1998 5:51:00 AM
From: Bill Edwards	Read Replies (2) \| Respond to of 947

I just attended a seminar on the Asia crisis. And my head is spinning But here goes. Since the 1st of January of this year, in real US$ doller returns the South Korean market is up 66 percent, Singapore 15 percent, and I think they said Malaysia (maybe Thailand) is up 30-34 percent. While Indonesia is down 18 percent this year. If you wonder about the effect of the recent Asian devaluations on stock markets, look at this article to review the historical evidence. globalfindata.com Can Investors Profit From Devaluations? Quoting Soros "Discern the chaos, and you could become rich. Foreign investing usually involves boom/bust sequences. I have been in the foreign investment business from the beginning of my career. I have seen many cycles. And I concluded early on that foreign investors acting as a herd always prove to be wrong." It's a well known fact that George Soros made over $1 billion when Great Britain devalued in 1992. What isn't well known, is that after that major coup he was immediately investing in Bitish stocks. The evidence presented above in the article makes it clear that devaluations are bullish not bearish for stock market events. The combination of panic selling in the currency and the stock markets, and profit opportunities which arise from devaluations in local currencies, enable stock markets to bounce back significantly in the year following the devaluation. Read the doom and gloom article from Fortune on Indonesia pathfinder.com