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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (2586)	9/5/1998 8:39:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Bloomberg reported Greenspan trends towards rate cut. bloomberg.com Another bear article said Computer-related issues (CSCO, MSFT) and retailers (WMT) will be the next to go. bloomberg.com I shall see how Monday's global market react to the two day surge in commordity issues. If some key technical signals (like sign of moving up upper BB's) get trigger for the OSX stocks, I may trade on the long side. This should be very fun. Talked to my sister-in-law this morning. She has heard of the gold smuggle theory as well but does not think it makes a difference. The populace is too cash strapped to invest in gold and the recently instituted monetory policy is widely believed to be a temporarily, likely a political, measure. The demand is actually US$, believe it or not. The rationale is currently Ringgit is fixed at an exchange rate of 3.8. If the economy does not show signs of improvement in a few months (or weeks), she expects black market US$ exchange to surface. She also added that if people want to transfer cash (not capital) oversea, they can still do so as conveniently as using their credit cards. No restriction there. But she promises to keep me posted on the gold smuggle theory.