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.

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

To: MikeM54321 who wrote (5392)	8/5/1998 1:13:00 AM
From: Michael Sphar	Respond to of 9980

I really love it when politicians say stuff like this... <<Clarifying earlier comments which had prompted the dollar to gain almost five yen since last week, Finance Minister Kiichi Miyazawa said he never intended to indicate he was ruling out market interventions. ''It is unavoidable to correct market distortions in order to promote the orderly (workings of) the market economy,'' Miyazawa told a regular news conference. >> Ahhh! So that's how that invisible hand works! Adam Smith would be proud!

To: MikeM54321 who wrote (5392)	8/5/1998 6:33:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Mike, <<But the gist is still the same, mutual fund inflows are slowing down considerably and just may be reversing direction>> So...it seems to be scary stuff. It means that things have heated up enough for individuals to seek stability...right? The so called "flight to quality" that we have been reading about. I suspect the timetable on the minimelt has been moved up. Question is...is it a mini...or is this the big kahuna? Spent the better part of the day reading various analysis which seems to run 6 or so to 1 that this is not a big bad bear. In fact...I keep hearing that the market is oversold. Anyone know what the heck that means? Is there a ratio they watch? I must confess...that as soon as it becomes an imperative to back away for a wider frame of view I feel less and less confident. best, Stitch