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


To: Tom who wrote (2230)8/31/1998 11:38:00 AM
From: Ron Bower  Respond to of 2951
 
Tom,

A lower dollar caused by the Feds at this time could cause even greater problems. I would prefer it be market driven.

"My cynical response has to be that they were told Russian exposure is "covered", China exposure is not. In other words, Russian losses would be covered by some sort of bailout."

Traditional US policy when the banks get into trouble. Panama?

"I wonder how low U.S. markets must venture before Moody's does a little downgrading of domestic banks?"

We may be getting close. If they do, the knife goes to the bottom.

"An interesting week ahead of us."

I think by the end of September we will have a major change in the world indices. The indicators are there for a major shift. If we start seeing tighter money in the US...

JMHO,
Ron