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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: borb who wrote (3083)8/22/2002 10:53:51 AM
From: Professor Dotcomm  Read Replies (1) of 3902
 
Sorry Borb, been away since June 19. Therefore my answer has the advantage of a bit of hindsight.
No. Apart from several recurring (and profitable) uplifts, I can't yet see the Japanese market recovering in any durable form. As I said earlier we have to wait for fundamental reform to take place - something which the Japanese leadership seems inexplicably reluctant to face. Mind you I can't see much progress in the US either - at any rate not to the point where the Dow is around 15,000 or the Nasdaq at 3,000 or 4,000.
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