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: goldsnow who wrote (6465)	8/2/1998 3:24:00 PM
From: Jim Willie CB	Respond to of 10921

the pace of reform in Asia is painfully slow, like water torture... Korea's leaders have gotten the religion, but nothing has been done yet in reforms... Korea labor unions, chaebols have stymied all efforts... tons of shorterm debt are due before long Obuchi and LDP still have no intention of letting major Japanese banks fail... until that happens, nothing has happened ASIAN PROGRESS REPORT -- ZERO my old point of Anglo-Saxon beauties like massive layoffs, priced-down inventories, bankruptcies, debt write-downs... these are all foreign concepts to Asia, perhaps all across Asia culture versus business survival... what a show!!! by the way, Barrons has some main articles on stock market... double top happened May/July with second important criterion of adv/decline churning prior to breakdown... market has lost its leadership in banks, retailers, drugs... now it has lost its defensive consumer stocks like P&G, Kellogg, Colg-Palm and a dozen others... might be getting scary on Thursday Dow up over 100, but new lows in NYSE registered over 100 stocks... next day down 140... look out below my take is we have a long way to fall in major indexes, because naive mutual fund inputters and retailers think this is no big deal... complacency rampant... also, bearish moves in indexes have NOT appeared on COVER ofany major publication yet, like Newsweek, BusWeek, Barrons, Fortune / JW

To: goldsnow who wrote (6465)	8/2/1998 5:55:00 PM
From: Joseph Beltran	Read Replies (1) \| Respond to of 10921

goldsnow, anyone: where are the korean chaebols getting the $$$$ to subsidize their unprofitable units? Cash flow? Bank borrowing? Are banks still being told by bureaucrats what loans to make? If so, it seems like nothing of substance has changed in s.k. except for the suffering of alot of the common folks. One of the reasons the IMF $$$ are being held up in congress is because many want to make sure that the subsidy practices cease completely. yeah, right.