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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (951)	8/4/1998 5:07:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 3339

>>>I am just speculating on what could trigger a crash rather than just a bear market.<<<<< A break of the June 15 lows on the Yen and we are a wisker away from it. It'll probably knock Hong Kong off the dollar peg. Next Monday would be a fine fibonnaci day for a crash -g- bb

To: Moominoid who wrote (951)	8/4/1998 5:23:00 AM
From: Real Man	Read Replies (1) \| Respond to of 3339

It looked like this round of decline started here, in the US, the global markets (including Asia) followed. Of course, Asia gets all the blame for the slowdown. But the truth is - the American market is way overpriced, even more so than Japan in 1989. Asia served more as a buffer for US markets creating flight to "safety" effect which delayed the imminent collapse, and pumped more air into the bubble. As the Asian currencies crashed the capital went into US bonds and stocks. If the foreigners flee, the net effect will be extremely nasty - the bubble will deflate quickly and lots of pain will be felt, the dollar will drop.