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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (707)12/7/1998 10:01:00 AM
From: James Strauss  Respond to of 99985
 
Ramsey:

When China Cut its rate there may be some fear that it may not defend its currency... Usually a country defending its currency will not cut rates... It may even raise rates to attract new money...

China is the Big Kahuna in Asia... So any hint of a possible devaluation has a negative effect on its market... Since the other Asian countries are so far in the hole, the only direction for them is up at this time...

Jim