Zeev's Turnips Patch-No Politics (ZEEV)

[george8]

Zeev:

I do not think the drop in Taiwan is because of the unresolved election. Instead, I think it is because the market discounted (Hence, the run up in Taiwan market in the last few months)the election of Mr. Lien, who the Red China likes to see win. And now, President Chen is in reality reelected, hence the sell off.

After all, Mr. Lien had to contest the result hard to put the blame of the loss on somebody else but himself. That is the only way for him to survive his own political life.

I personally think the Taiwan sell off will persist longer than just 2-3 days.

George