Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (6857)	4/13/1998 10:18:00 PM
From: Joey Two-Cents	Read Replies (3) of 18691

Pancho, the market seems to be very weak.. With only 2 days for IRA/401K contributions I don't see what will move this market higher. Of course unless there's strong earning suprises. I think Japan not attending the G-7 is an indication that they are feeling more and more isolated from the rest of the world. They are trying to prop up the Yen by buying selling $'s to the tune of $20B-$30B in the last two sessions but it won't work. With interest rates close to 0% and a stimulus package 3.5% of GDP not being effective how can Japan avoid an economic collapse? IMO they can't. Japan sells $ 12B in treasuries biz.yahoo.com IMF grim on Japan economy biz.yahoo.com Japan central bank says outlook grim abc.net.au Japan not to attend G7 meeting biz.yahoo.com Deflation can be avoided biz.yahoo.com Irational exuberance? biz.yahoo.com

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