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

To: Ron Bower who wrote (5524)	8/14/1998 8:29:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Ron, <<Sorry, I just get tired of reading these opinion pieces that are based on so little solid research.>> No need to apologize to me Ron. In fact I rather thought you would take a contrary view which is why I selected to post to your attention. As I said I didn't particularly give this report any credence but I do think it is interesting inasmuch as it guages the credibility factor the Chinese government is dealing with. A question comes to mind. Where would we be if, suddenly, the whole investment community woke up tommorow believing that China would not devalue (as I still believe)? Would the bulls take over again. I doubt it. I am out of the market for a bigger reason then fear of China devaluing. I am out because the news is very bearish in sentiment and it is overwhelming investor sentiment and the market is starting to seriously reflect that. In my view China won't devalue for the reasons we have discussed several times over. It just doesn't do anything for them. Best, Stitch