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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (33073)	11/5/1998 7:36:00 AM
From: JBL	Read Replies (1) \| Respond to of 94695

World markets are moving together like never before, and sentiment reigns supreme. The US, Japan and Hong Kong have shown that they will take whatever measures are necessary to avoid a meltdown and, IMHO, what we are having right now is a relief rally that will not last much longer (few days). From here, I see a recession developing in the US in 1999, and a step by step decline for the DJIA until banking reforms in Japan are sufficiently advanced to allow a recovery in the entire Asian region ( at least 1 year from now.)