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Pastimes : Ask Mohan about the Market

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To: tekgk who wrote (14917)	3/17/1998 1:27:00 PM
From: Zeev Hed	Read Replies (2) of 18056

Tek, as always, my turnips might be dead wrong, but the Nikkei really looks artificially supported here, and in face of an impending recession in Japan (if not already there) and the exhaustion of the Postal Savings by April 1st, it could be sooner. I agree that rationality is not exactly the best tool here. I think that I also differ in another aspect with your scenario. The vertical Tulip Mania, invariably results in a protracted decline, and I am not sure that this leg is the last. If Japan finally comes to its sense and prevent a world wide recession (and a depression in its part of the woods), then i think that the secular bull market could resume post a serious "correction". Zeev

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