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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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From: Chuckles_Bee9/29/2005 8:20:51 PM
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Just watched some Japan news on Bloomberg.
Household spending is up, export volumes up, unemployment is down, industrial production is up (though not as much as estimates expected).
They had some guy named Kirby Daley on saying "the recovery is firing on all cylinders", but....he thinks the market is overdone at this time. Too much speculation from foreign investors currently, and he thinks the market will get a dose of reality when October earnings come out.
The bias of all indicators is net positive, but he sees max of 14,000 at year end.

Regards,
Chuck.
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