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

To: Moominoid who wrote (2096)	10/10/1998 12:49:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 3339

The hint of collusion isn't substantiated, but it is very odd that there was no concern expressed about falling dollar on the US side. Th e BOJ announcement was the only thing the G7 could come up with regarding Japan - they are sacrificing business activity for bankers' bailout. Treasury selling in the 10s of billions at a shot by the Japanese, bond market is closed on Monday, stock market is open. Reportedly the US stock traders are demanding a 1/2% cut in discount, fed rate over the weekend. So on monday I expect a possible run by the Japanese on the blue chip stocks, in the absence of the bond market money. Also the 1/2 rate cut should be ruled out for now, which will serve up a disappointment. Any Greenspan speeches this weekend? Besides hedge funds, corporations are also heavily involved in currency trades. Also the Yen loans to US internationals could be another source of problems. Greg