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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (2030)	10/7/1998 8:26:00 PM
From: Kip518	Read Replies (2) \| Respond to of 3339

Joel, relevant to our brief conversation last evening about the rising yen, Bill Fleckenstein wrote tonight: Overnight there was a 6 percent move upward in the Japanese market, thanks to all the people who were short the yen and/or short the Japanese bank stocks. The ramification of this move and the ensuing fallout could be every bit as big as the blowup of Long-Term Capital, since nearly all the masters of the universe - including large institutions and banks - were short the yen. This is going to be a very big deal in the continuing destruction of capital and the spread of chaos. I think you'll find the rest of the piece also relevant to your questions of last evening. stocksite.com