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To: marginmike who wrote (18904)	11/29/1998 8:55:00 PM
From: lkj	Respond to of 152472

I do think that the Chinese Yuan will devalue. When I was in China, the exchange rate that our sales rep used was 9 RMB to 1 US Dollar. The official rate was 8.277 RMB to 1 US Dollar. But I have also heard contrary point of views. A sales manager of ours who knows some people in the Chinese Central Bank said that China may raise or maintain the Yuan valuation. His argument was that, for China to grow right now, exporting is not as important as importing technologies and building up internal infrastructures in areas such as transportation and telecommunication. Devaluation in Yuan would make this tougher to achieve. As for the Dow, I have no idea where it's going to be. My fragile heart keeps me from looking at the DOW directly. I have to use a low pass filter.

To: marginmike who wrote (18904)	12/1/1998 8:52:00 AM
From: Sawtooth	Read Replies (2) \| Respond to of 152472

OT <<China will devalue in 1999. I said it once I will say it again! Dow Jones at 7800 again!>> Optomist that I try to be, I think you will be right on both the deval and retrace. Looks like a significant down opening this morning, maybe 100 pts. How about that 25 point mowing Amzn and Yhoo each suffered yesterday? At least there's still some sanity left in this market. Seems to me there's a significant chunk of people out there who feel they just hung on through the last shakeout by the elastic on their underwear and no way are they going through that again. Good post earlier; you probably read it: Message 6617554 I'd love to hear some refution to it. Y2K underconsidered, IMO. Later.