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

To: Pete Young who wrote (5337)	8/1/1998 1:30:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Pete, I think we have to be concerned about the interplay between the two markets. Some will argue that the U.S. , and to a lesser degree, European markets will decline when, and if, Asia takes off again because liquidity will return to Asia away from those markets. It has been a seesaw in that respect already, with US. markets bloated from the offshore investment levels seeking greater returns and perceived safety. My views on Asian holdings are to shop for the long term, amongst the few companies with cash, export businesses, and good fundamentals who have been penalized by regional worries. I suspect there are not many and very careful selection will be called for. Then I think it may be a 2-3 year wait for appreciable growth. In any case I will likely wait until after the Fall wall-of-worry crest. I will also try to focus on telecommunications, extractive industries (oil, gas, ag, mining, timber), and a tech or two. I will avoid financial services, and development for now. Best, Stitch