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To: Sonki who wrote (70392)10/8/1998 12:08:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 176387
 
Hey Sonki

you know I am just a reporter ;-)

I have no friggin opinion

other than

you need to consider it

and just a reminder...last time IllMakeYouPoorer opened his mouth...the market tanked the same day..and eventually the prophecy came true....

look for 6735

but there is panic selling so maybe this will be the capitulation bottom

Pru is decreasing asset allocation and telling investors to raise cash to 20%



To: Sonki who wrote (70392)10/8/1998 12:52:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 176387
 
'You da girl' Sonki! <vbg>

Sonki:
According to the classical definition of 'recession' a country has to
have contraction in GDP in 2 consecutive quarters and we ain't got it.I'll tell you who's got it at the moment.

1.Indonesia
2.Malaysia
3.Thailand-expected to recover in 1999 only 2 months away.
4.S.Korea-expected to recover in 2nd half of 1999.
5.Hong Kong-expected to recover in 1999
6.Japan (?)-expected to recover in 199

'who don't got it'.

1.U.S.A
2.MEXCIO
3.U.K
4.Germany
5.Spain
6.France
7.Canada (?)
8.Netherlands
9.Finaland
10.Denmark
11.Sweden
12.Italy
13.Repubilic of Ireland
14.portugal

Well that is a partial list.



To: Sonki who wrote (70392)10/8/1998 3:08:00 PM
From: dougjn  Read Replies (3) | Respond to of 176387
 
JP Morgan became the first major WS house whose lead economist now publicly anticipates a recession next year. They are saying mild (so far). This is always now it works. Economists always lag the market. Look at the backward bending yield cure. It's been there for months.

There is a huge amount of deleveraging going on.

Financial institutions really will freeze up their discretionary IP budgets. Everybody has PC's. The need for faster ones will be viewed with very squinty eyes for a while. As in, for a year or so.

Doug