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| Author: | Sender, H. |
| Title: | Another kind of animal |
| Journal: | Far Eastern Economic Review
1997 : JAN 9, VOL. 160:2, p. 31-33 |
| Index terms: | ECONOMICS HONG KONG REVIEW |
| Language: | eng |
| Abstract: | The ox may look like a bull, but is he? The year of the Ox seems about to start on a confused note. While retail investors surge into Asian stocks in droves, some of the most experienced market participants - from fund managers to trading-desk heads to the partners of Goldman Sachs - are liquidating their personal equity holdings. Some brokers even wonder if there is enough fear in the market. "Maybe the Dow will go to 20 ,000," says the head of a major investment house in Hong Kong. "But I won't be on that train. I'd rather protect my gains than bet on doubling them at this point." |
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