EWJ : ISHARES MSCI JAPAN INDEX FD (AMEX) Message Board

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Strategies & Market Trends : EWJ : ISHARES MSCI JAPAN INDEX FD (AMEX)

EWJ 83.20

0.0%

Oct 30 4:00 PM EDT

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To: Clappy who wrote (7)	3/5/2002 12:03:34 AM
From: Mannie	Read Replies (2) of 25

"Being the thick headed, hot tempered stooge that I am, after my argument about drilling in Alaska I had become sickened with energy companies..." I had those thoughts. I rationalize it by seeing it as playing an obvious scenario that we will watch play out. Oil is going to become a very rare substance over the rest of our lives. I have become fond of that upward bias. I'm seeing it's value, I am still quite unsure about other valuations in the market. You really think techs can continue to run? Maybe, They just still look way overvalued to me. Accounting practices will be reined in, making values even higher. Maybe I have become to negative, but that is what I'm seeing. I think tech will have a heck of a time for quite a while. The companies will do great, just I think the stocks will have trouble. Japan will implode at some point. That will be a huge shot to us. I still see a lot of risk...I don't know where all of the new spending will come from. Lots of people bought vehicles at 0% last 3 months...who's going to buy now? Scott

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