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


To: Joey Two-Cents who wrote (8163)5/2/1998 8:14:00 AM
From: Pancho Villa  Read Replies (1) | Respond to of 18691
 
JTC: I got it figured out! Short term, the worse it gets in Asia, the more people hang themselves and evidence of corruption intensifies, the more foreign money will flow to the US equity markets. The problem with the Asian crisis is that of course the US economy will suffer but there is a significant lag. In theory, the markets should anticipate such events but in this case it looks like it will not until perhaps the 3-4 quarter.

As usual thanks for the reading list. We should probably forward it to Cohen and Batappaglia.

Pancho



To: Joey Two-Cents who wrote (8163)5/2/1998 11:46:00 AM
From: Mike Farrar  Respond to of 18691
 
Japanese stock market

The Japanese stock market is closed until Tuesday night our
time for the Golden Week holidays. This will give them time to
really sweat. Look for a big down night Tuesday, I hope.

Jeff



To: Joey Two-Cents who wrote (8163)5/2/1998 10:23:00 PM
From: Ploni  Read Replies (1) | Respond to of 18691
 
Suicide? How do they know it wasn't murder?
* * *

TOKYO (AP) -- A top executive of Japan's scandal-plagued central bank hanged himself Saturday, the latest in a series of suicides by government bureaucrats, national broadcaster NHK reported.

The Bank of Japan's Chief Director Takayuki Kamoshida, 58, was found
dangling from a plastic string in a Tokyo apartment at around 3 a.m. Saturday, NHK said.

Kamoshida was the BOJ's top manager and was also in charge of efforts to root out corruption at the bank and to punish employees involved in bribery scandals, NHK said.

Kamoshida himself was not reported to be targeted in corruption investigations.