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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16280)	8/28/1998 6:31:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

Wall St. Woes Tempt Washington To Rig The Market nypostonline.com << Is the idea of rigging a stock market really that insane or even original? The government of Hong Kong has openly been rescuing its market for about two weeks now. It says the move was taken to head off an attack on its currency by speculators. Hong Kong's action is in the open. And the government seems proud of what it has been doing. The government of Japan, as most people know, had been steadying its equities market for years. The good news is that the action resulted in very high equities prices. The bad news is that the stock market bubble couldn't be sustained and that country, despite its very high savings rate, is now in its worst economic slump - ever. >>