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Politics : Formerly About Applied Materials
AMAT 327.01+2.5%Jan 16 9:30 AM EST
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To: Chicago who wrote (11316)11/18/1997 1:27:00 AM
From: Jacob Snyder  Read Replies (2) of 70976
 
Re: Nikkei up:

A big bank goes bust, the government bails it out, but doesn't say who will pay for it (higher taxes?, the other banks?, more borrowing?). Japan still hasn't dealt with the stock market/property bubble that burst 7 years ago. They are still trying to export their way out of their problems, and the rest of the world is getting tired of the big trade surpluses. There is no good reason why the Nikkei is up, so I expect this is just random volatility, and it will come down just as fast in a few days. No affect on Applied Materials, but the general uncertainty may give us a bit more time to pick up AMAT cheap.
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