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Re: was Steve post# 11661

Thursday, 05/13/2004 8:06:35 AM

Thursday, May 13, 2004 8:06:35 AM

Post# of 37180
Steve,

I wouldn't expect much bounce in the rest of the world. Last Monday was "just another down day" in our markets, but it was pictured as a "crash" by most foreign press, and the reason given was: "USA's imminent rate-raise will siphon money into USA market deepening the rest of the world's recession."

If that scenario is true then our markets should do OK (specially if the money inflows materialize) but the rest of the world might not follow.

H.

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