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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?


To: lin luo who wrote (1763)9/1/1998 12:35:00 AM
From: lin luo  Read Replies (2) | Respond to of 2578
 
---------OT-------- Hong Kong markets

It seems I said a lot more about HK market than anything else, which is really not my intention. I am far from this market and I left China more than 10 years ago. But, this market provides important materials for me to think.

It is obviously supported by the Chinese government again today. And Japan seems realized that it is probably a way to halt the slide of their markets, so they try to do the same thing now, at least by saying so. Mr. Rubin is also trying to influence the market in the similar manner.

The Chinese government, with no reputation and experience in financial markets, always attacked by the gamblers, has constantly done good jobs ( such as controlling currency and intervene the market) in controlling their own fate. This is totally different from Russia who believed 2 Harvard professors could help them to become rich. When you are poor, to have a financial market is like to let a 4 year-old to run 10000 meters. US markets had a terrible time during 1920s when the DOW corrected from about 300 to 38.

My brother send me an email from China to tell me that his ISP charges him $4.00 for reading 1MB of email. Folks, you still control the most important resources and you think you will be doomed.

95% of currency traders are losers. Do you know why windows in Merrill Lynch's commodity trading floor in the World Financial Center are so hard to break?