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: Jim Willie CB who wrote (6453)	7/31/1998 5:03:00 PM
From: Michael Sphar	Read Replies (2) \| Respond to of 10921

Au contraire! I believe the trend of foreign investment will continue and maybe even accelerate. First I think its premature to assume the ECU will besieged as an investment experiment of choice, and I believe that Asian financial worries including concerns of potential devaluing of the yuan will continue to fuel foreign investment in US bonds and securities. And one must never turn ones back on an investment overhang like the Japanese Postal holdings where I was reading recently that something like 8 trillion dollars worth of yen are still locked into an interest paying system that yields something like 1% per year. December was cited as the magic month for something to happen. If you think the Japanese people gave a vote of no-confidence for the LDP recently in ousting the last PM and some of his buddies, just imagine what they might do with all that money if they could "vote" it for higher interest rates and possibly equal or better security like US Treasuries. Conservative estimates are salivating over just 10-15% of those trillions possibly coming this way. The yen dollar relationship just adds further urgency to that fire. Remember it ain't over till you start hearing strains of "When the moon comes over the mountain..."