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

To: yard_man who wrote (24236)	8/13/1998 5:15:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

RE: >>some of this emerging market stuff is 90% off its highs, it either >>has to go up or go out of >> business here. << >>> Got that right, Bonnie! And according to friends and family in Hong Kong, that is exactly what is happening. Maxim's Cakes was a corner Bakery there...a 2 billion dollar chain that everyone relied on for those tasty breakfast rolls and after dinner deserts. (I can tell you first hand there is nothing so delightful here!) There was one on EVERY corner it seemed, and now POOF!, they are gone. Now just empty holes in the buildingscape. Though I have felt for some time that it is inevitable that the HK peg break, my certainty is undermined by the knowledge that such a devaluation would completely destroy the region. To me that is the key to this whole mess. Fend off the deval, and we can get things going more positive worldwide. (and I can see why most see Japan as the key) It breaks, and Jame's scenario is very real. Hope this doesn't seem to simplistic, but it is my HO. B.