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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: HairBall who started this subject	7/23/2001 2:16:00 AM
From: iod_sherwood	of 99985

we all hate comparing... but... TOKYO, July 23 (Reuters) - Tokyo's Nikkei average slid to a 16-year closing low on Monday, undercut by falls in Japan's major banks amid renewed fears a worsening economy and policy stagnation spell trouble for their bottom lines. ``Investors can feel the market slipping right through their fingers. When that happens, they dump the large caps, and banks are the prime target,'' said Takahashi Yamazaki, chief investment officer at Tokio Marine Asset Management. The Nikkei lopped off 2.51 percent or 298.76 points to 11,609.63, its lowest close since January 7, 1985, when it closed at 11,575.52. biz.yahoo.com

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