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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (6218)	9/7/1998 10:02:00 AM
From: Stitch	Read Replies (3) \| Respond to of 9980

Carl; I really question how long this rally will hold up. KLSE was up today with a sort of euphoria that somehow malaysia was returning to business as usual. Lower interest rates, government largesse in privatised roads and huge infrastructure projects, redefinition of what constitutes a bad loan so banks can relax ratios, and expectations of infusion in the market from repatriated ringiit (remember, mahatir gave them one month after which the off shore ringiit would be waste paper). How long can this hold up? Best, Stitch