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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (8409)5/6/1998 1:56:00 AM
From: BDR  Read Replies (4) of 18691
 
<<Nikkei is getting closer to that magic 15,000 mark where many believe
that once this threshold is crossed the meltdown will begin. >>

I have heard that bad things are supposed to start happening to Japanese banks and their borrowers at that threshold, too. However, the Nikkei has already traded below that level, 450+/- points lower and not just intraday, within the last six months if I am not mistaken and the Japanese economy still stumbles along. Is there something different this time?
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