Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (17413)	4/27/1998 11:58:00 AM
From: Chip McVickar	Read Replies (1) of 94695

James I think the Japan's fall over night off 361 -2.26% has been the catalyst for this mornings stronge sell-off.....as well as those in European index's. Friday saw the Nikki up 250 pts +1.58% anticipating the stimulus package announcement presented after trading on friday. Many participants do not believe this package is enough to snap Japan out of a severe recession. Money managers have been playing the notion that Japan's problems can be solved quickly in the same way that US and Greenspan solved our past banking blow-outs. Not So....Japan is just getting started.... This package was not stronge enough for many of these players. Money is going to flow-out of that country as Japans' money managers make use of the opening-up of foreign investments. Also the Yen went down against the dollar....contary to all the recent work by BoJ and Fed. Japan and Asia could be a mess for many years to come. Chip

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