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 : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Peach who wrote (12670)	8/22/1998 6:46:00 PM
From: Peach	Read Replies (2) \| Respond to of 13949

* Message from Mad Monk * I am back from "vacation". Six months ago, I said that when Japan and China devaluate, all bets are off. Now, Japan has devaluated from 130 Yen to 148 Yen. China officially stands firm, but unofficially, the RMB has devaluated 12%. I know. I was in China last week, where black markets in currency thrived. The handwritings have already carved in stone. What we're waiting for is the official confirmation. Add to the above, Canada has devaluated, ditto Mexico, ditto Pakistan, ditto S. Korea, ditto Indonesia, ditto Russia, ditto India, ditto Malaysia, ditto Australia, ditto New Zealand, ditto Thailand, ditto Singapore, ditto........ Against this backdrop, how could one be bullish in equities? There has been an INVISIBLE crash of equities since January. While the Dow is only off by 9%, the average stock is down a hefty 40%. We are now in a cyclical BEAR market. Hence I hibernate. Regards PS. And Denver won the Superbowl.