Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Clarksterh who wrote (5779)	6/10/1998 6:38:00 PM
From: Jess Beltz	Respond to of 10921

Clark, I would say (in line with yesterday's post) that the bellweather indicator right now is the level of the Nikkei 225. The reason is that Japanese equities form a large part of the value of assets for Japanese banks. As the Nikkei falls, the value of assets for the banks falls, and they slip deeper into insolvency. The other key indicator might be a new round of speculative attacks on SE Asian currencies, which will hasten their devaluation. As indicated yesterday, that translates immediately into increased inflation, but more importantly, it will mean increased numbers of bankruptcies, which will further weaken the Japenese banks. The falling regional currencies will also make China's position vis-a-vis the Yuan more precarious daily. jess.