John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jorj X Mckie who wrote (5914)	4/9/2002 12:14:45 PM
From: John Pitera	Read Replies (1) of 33421

Maybe... If the BOJ really lets the Money aggregates continue to grow, and remember that they had there monetary base grow 27.5% for the year ending this past Feb. ( The US had a 9% growth rate of the monetary base in the comparable period) it should be hard for the Yen not to fall and also hard for the Nikkei Not to rise. The stockmarket that went up the most the last 6 months of 2001 was Argentina. finance.yahoo.com^merv&d=c But that was due to their currency falling a large amount against the dollar. Thus, thus the big price rise in the Merval, was illusory if you were a foreigner buying those stocks with a foreign currency.... The stocks go up but the currency goes down. If BOJ Hayami retires, we could see a more aggressive devaluation of the Yen, and we should see their stock market then rally in local currency terms. John

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