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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Fun-da-Mental#1 who wrote (20987)7/24/1999 9:18:00 AM
From: Les H  Read Replies (2) of 99985
 
Nikkei 225 and the economy (as are most of Asia) are made up of companies who derive much of their business from exporting. So, they're falling in anticipation of lower export demand. Lower dollar would normally help the US companies that export. Cover story in washingtonpost.com about Chinese devaluation. They predict after October 1 (50th anniversary of government) or after beginning of next year.
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