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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who wrote (2171)12/29/1999 2:44:00 PM
From: Hawkmoon  Read Replies (1) of 3902
 
So, what's next year? 25K for Nikkei?

Congratulations on doing so well in 1999.

As for 2000, I think that will be when the rubber finally hits the road in Japan.

They are set to see their national rise to 105% of annual GDP within the next several years. If they are not able to drastically stimulate GDP growth, I can hardly see how the global financial system will favor their currency over the US dollar, which is reducing its budget deficit and showing strong economic growth.

It just doesn't seem to add up to continued sustainable gains on the Nikkei, especially when they will likely see much of those pension funds leave their nation seeking greater safety and annual returns.

We'll have to see what the new year brings. Hope for your financial sake that you're right.

Regards,

Ron
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