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To: Greg R who wrote (3660)8/5/1998 12:54:00 PM
From: J R KARY  Read Replies (1) | Respond to of 8218
 
Greg the yen at 145.9 to USA $ , could it be due to buying US stocks ?

If your charts could find a Yen rich Japanese insurance company for me , whose stock is selling at a discount, I would be most appreciative .

Wonder if hiding Sec'ty R. Rubin for few weeks and letting U/Sec'ty L. Summers mention the IMF is down to $10 bln spurred the YEN drop ? :

" Not too surprising really, with the Japanese unit falling to a 145.90 low on Monday itself, barely a yen away from mid-June's 146.75 nadir.

More significantly perhaps, our sources are suggesting that yen weakness is not merely speculative;a good part of the order to sell yen continues to come from genuine Japanese investors."

business-times.asia1.com.sg

Good effect is the Japanese will be buying IBM and the like but it sure lowers their Yen .

Grass is always greener ..., my sense of greed is mounting , anybody have suggestions ?

TIA,
Regards,
Jim K.



To: Greg R who wrote (3660)8/6/1998 10:05:00 AM
From: Greg R  Respond to of 8218
 
An explanation - I should have clarified, that when I said the DOW's low yesterday was 8410, that was in the early morning. We are on a steep little bear run ending August 10. The permitted low by the close of business was 8360 which is also the opening low permitted today, 8325 around noon today and 8290 by the close of business. I am not saying it will get that low, only that if it gets that low, I am virtually guaranteed that it will go up (for awhile)