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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: Brad Bolen who wrote (2136)8/21/1998 2:47:00 PM
From: Defrocked  Respond to of 2951
 
South, Brad. Have you looked at our closer
trading partners in this hemisphere recently?
Currency/commodity/asset deflation underway.
IMHO we're due for slowdown and given high PEs the risk is
as yet undiscounted.

In dollar terms YTD:
Canada -13.3%
Mexico -47%
Argentina -42%
Brazil -29%
Chile -32.7%
Venezuela -67.9%

Poof! That's a lot discounted cashflow that went to financial
asset heaven. <g> BWDIK. Good luck.