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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.84-0.7%Dec 31 3:59 PM EST
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To: GST who wrote (70787)7/30/1999 7:23:00 AM
From: Sam Sara  Read Replies (1) of 164684
 
GST- from briefing.com:

Going Japanese
30-Jul-99 07:17 ET

Given the less accomodative Fed, rising long-term interest rates, deteriorating breadth stats and a lack of leadership, the near- to intermediate-term outlook for the U.S. market isn't very promising. Consequently, investors might want to consider increasing their exposure to foreign markets. One market worthy of note is the Nikkei. The Japanese equivalent of the DJIA recently established a 22-wk high. Though weakness in the DJIA has weighed on the index in recent sessions, Briefing.com contends that the Japanese market is set to outperform over the intermediate- to long-term for the following reasons:

Yen Strength
While the dollar has the blues, the yen has shown surprising strength of late. There are those who would argue that yen strength is bad for the Nikkei in that the exporting stocks suffer as a result. But that's a short-sided view. A strong currency is a vital ingredient to a growing economy and a rising market. A rising yen makes Japanese investments more attractive, encouraging money flows into the country.

The fascinating thing about the market is that you can be right about something, but you need to have the rest of the crowd recognize you are correct shortly thereafter to make money. To me, it seems that you are correct, and now the retail investor will come to recognize that your view is correct. That spells further trouble for the US market.

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