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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: FJV who wrote (23662)	8/9/1998 12:05:00 AM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

RE: The key will be the value of the yen. If the yen falls to 150 to >>the $, the Chinese will have choice but to devalue in order to >>defend itself. Also, under those circumstances, HK will lose its peg >>to the $ as well. The Hang Seng will accelerate its decline, the >> >>rest of Asia will be in the sh** house and so it goes. I tend to agree, I have said since last OCT. that the 'peg' could be the turd in the punch bowl. However, where do you get 150 yen as the 'breaking point'? I could see 150 happening this next week or so with no problem. I would love to know how much that property my mother-in-law bought in HK has dropped since she bought it last summer. I tried like hell to stop her. But do mother-in-laws ever listen? Man, what a week...everywhere I look there are bears growling. B.