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

To: Stitch who wrote (5483)	8/13/1998 9:19:00 AM
From: Joseph Beltran	Respond to of 9980

Japan says u.s. shouldn't get upset about increasing trade deficit because japan is "weak"..... biz.yahoo.com

To: Stitch who wrote (5483)	8/13/1998 1:10:00 PM
From: Robert Douglas	Read Replies (2) \| Respond to of 9980

Stitch, more on "oversold", now we have "bad oversold". Earlier I responded to your post on what oversold means. This morning I was reading Merrill Lynch's Market Analysis Comment by Walter Murphy. Here it is for your personal enjoyment: The decline in the last three weeks has been particularly severe. The good news is that the near-record volume and the deep oversold should lead to a rally sometime in coming weeks, perhaps after a test. The bad news is that this was the greatest oversold extreme in four years which is what we called last week a "bad oversold". A bad oversold means the former pattern of rising momentum has been broken and that the recovery it produces is likely to fail and be followed by a further downturn. In this case, perhaps it will be in the September-October time frame. Another interesting number quoted by Mr. Murphy is that 55% of all US stocks are down more than 30% from their 97-98 highs, and 74% are down more than 20%. That meets my definition of a bear market. -Robert

To: Stitch who wrote (5483)	8/13/1998 9:36:00 PM
From: Dayuhan	Respond to of 9980

Stitch, Amazing how repetitious the SEA world can get. In the '60s and '70s foreign aid poured in, and a few rich people grabbed it and pissed it away to no productive purpose. In the '70s and '80s loans poured in, and the same rich people grabbed them and pissed them away to no productive purpose. In the '90s direct foreign investment flowed in and - surprise, surprise - the same people grabbed the money and did the same thing. What amazes me is that people inside and outside these countries continue to tolerate and subsidize parasitic "elites" which do everything in their power to torpedo any move toward a market economy, which would sink them without trace. Are we still telling ourselves that they are the only defense against the red horde? Strange world... Steve