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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (38766)4/9/1998 11:45:00 AM
From: donald sew  Read Replies (1) of 58727
 
Lisa,

Im all confused with this Japanese tax cut.

Heres my view of it for the short term and how it will effect our market. I feel that our market has already priced in a correction in the Asian market and any good news such as this tax cut will have limited effect on the upside. I know its sounds crazy since the DOW is up 100 points right now and the media will probably say that its a reaction to the Japanese news.

We have heard in the past how there has been alot of Asian money being sent to our market. I think in the short-term the U.S. market will lose some of its flight-to-safety haven, and we may some selling shortly as some may feel that it would be OK, for the short-term, to reinvest in their own countries.

Am I way off line, Im no expert in this area.

seeya
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