Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	3/1/2001 6:15:06 AM
From: TobagoJack	Read Replies (2) of 74559

Let us hope Green$pan does not put us through the same agony the Japanese went through and simply let the Dow/Nasdaq give up their gains all in one cataclysmic go. siliconinvestor.com Tokyo Stocks End at 15-Year Low Mar 1 2:58am ET By Risa Maeda TOKYO (Reuters) - Bank stocks got a lift on Thursday from the Bank of Japan's surprise rate cut the previous day, but the optimism failed to spill over into the broader Tokyo market, which shed 1.6 percent to stagger to its lowest close since 1985. Major technology issues including Furukawa Electric Co Ltd took a beating as the market decided the central bank's credit easing alone was not enough to deflect attention from withering tech stocks on Wall Street, sending the benchmark Nikkei share average down 1.57 percent to close at a new 15-year low of 12,681.66. The Nikkei has now lost all gains accumulated during the asset-inflated bubble economy of the late 1980s, which took it to a peak of 38,915.87 in December 1989. It was the Nikkei's lowest close since November 20, 1985, when it ended at 12,642.89. ...

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