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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3407)	5/6/1998 10:45:00 PM
From: Otimer	Respond to of 9980

Zeev,Short term if the H-K and Nikkei close below 10,000 and 15,000 then you think we'll get a correction of about 900 pts then a summer rally then possibly a bear in the fall-right?

To: Zeev Hed who wrote (3407)	5/7/1998 12:08:00 AM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

Zeev, your logic is confusing me... >people are going to revisit the consequences, low inflation but a ballooning trade imbalance, which will eventually have to get the dollar down. Dollar cheaper = inflationary >That is not good for anyone nor our multinationals, and the deflationary pressures will eventually hit our high techs where it hurts, the bottom line. deflation = dollar stronger The dollar will remain strong, inflation will remain low, growth will remain robust, but have a few ticks knocked off because of Asia. Corporate profitability will suck, equities will be irrationally exuberant, but the Fed won't raise rates. They can't. Back at Dow 6000, AG had the fate of the US on his shoulders. Now at Dow 9000, it's the world.