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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (7042)	4/15/1998 3:10:00 PM
From: Joey Two-Cents	Respond to of 18691

IMO Korea still has many problems. If you look at their markets after the initial euphoria of cheap stock prices their market has been drifting lower. They have 100's of billions in debt that have been delayed not eliminated. Their unemployment will start to rise as bankruptcies shut businesses. The monies owed by these businesses is gone forever. They face a depriciating YEN that will further cut into their exports. In fact there markets were down 5.5% one day last week on weakining Yen fears. Japan is a basket case that is only hanging on because their pockets are so deep. IMO this is the calm before the storm.