Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.08

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3:59 PM EST

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To: Clarksterh who wrote (17685)	3/13/1998 9:09:00 PM
From: Teri Skogerboe	Read Replies (4) of 70976

Clark, Re: "Although I don't know about the government being so blatant as to actually invest in the market themselves..." They do; they are open about this. They did this last year at the fiscal year end, Jimmy Rogers shorts them after they run it up, at least he said he did this last year and plans to do it again this year. It is mentioned in this story and has been in the news for the last couple of weeks. TOKYO (AP) - Tokyo stocks soared today on a report the government will inject public money into the market to support stock prices at the end of this month. The dollar fell against the yen. The benchmark 225-issue Nikkei Stock Average jumped 484.92 points, or 2.93 percent, to close at 17,060.14 points. On Thursday, the average closed down 180.92 points, or 1.08 percent. The Asahi newspaper reported today the government intends to pump $10.11 billion into the stock market, using funds from the government-controlled postal savings and insurance systems. The aim of the plan would be to push the Nikkei average above 18,000 before the fiscal year ends March 31 to boost profits and capital levels for the nation's banks, the paper said. Japanese banks hold shares of other companies in their investment portfolios. ....snip Link to full story is here: Message 3699497 Gotta run, I'm late now. Teri

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