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Biotech / Medical : Depotech(depo)
DEPO 7.300+1.7%Aug 14 5:00 PM EST

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To: Tom D who wrote (229)11/20/1997 12:46:00 AM
From: chirodoc  Read Replies (1) of 887
 
<<<<<When the Japanese panic in an attempt to preserve their wealth, their only choice will be an asset that is not someone's liability. The asset that best describes this property is gold

........in fact---- in the face of currency collapse the indonesians, malayasians, philipinos, brazilians, chinese, koreans did NOT step up to buy gold.

....imho the last 5 years has proved that for the forseeable future gold is no safe haven--until all the central banks have sold their last ounce of surplus.

........japan is in no way ready to sell treasureis--first they will sell land and then they will sell japanese and ASEAN stocks--this is documented by the fact that crossholdings have declined much faster than sales of treasuries.......when stocks are decreasing in value by 10-20% per year and treasuries are yeilding 5-6% guaranteed--which would you sell?

.....by next summer the big bang will be in place and the japanese turnaround will start. i for one am waiting for this time to jump back into the japanese market--their p/e's are almost reasonable as we speak.

.......for now we will have 3-9 more months of japanese recession till they continue deregulation and maybe propose a tax cut.
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