Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: el_gaviero who wrote (19658)	10/1/2002 11:55:05 AM
From: isopatch	Read Replies (1) of 36161

el_gav. Nikkei down another 2.36% last night. finance.yahoo.com^N225&d=c&t=3m&l=on&z=b&q=l Another trading session like that and 9,000 support will be the next to go. That said, Hong Kong chart looks even worse. finance.yahoo.com^HSI&d=c&k=c1&a=v&p=s&t=3m&l=on&z=m&q=l Of course increase in bankruptcies there and in other major Asian exporters will only accelerate as growth in US unemployment in the months ahead slows consumer demand for Asian imports. Vicious circle of contracting world trade is the result, increasing deflationary pressure to produce still lower prices, lower wages, lower profits and lower stock prices. Cash is king. Isopatch

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