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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (3464)9/27/2001 12:23:47 PM
From: Dexter Lives On  Read Replies (1) of 5144
 
Hi Cush,

If you keep posting those index listings in red, you may have to change your thread to the Red Board <gggg><ng>.

Just wanted to give you a heads up on the fundamental side; Japan may be in serious trouble when mark-to-market happens on 9/30 (Monday?). So not only have the indexes been hurt by repatriation these last few weeks, but for the next 2-3 weeks we could get news of banks collapsing under the weight of rancid loans (or worse more shenanigans trying to hide or defer the problem loans in the pyramid scheme known as the Japanese economy). A time for extra caution taking new long positions, imho...

Of course we could see a surprise uptick in Japan if they actually start dealing with their systemic problems, but that is a low probability event, if history is any indication.

Rob
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