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Technology Stocks : FSII - The Worst is Over?
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To: Donald Wennerstrom who wrote (2094)7/12/1998 8:40:00 PM
From: Joe Dancy   of 2754
 
Just when it could not get worse Don it has - AMAT's warning on Friday, then the Japanese election does not go as planned and this may slow any actions to make the recovery quicker.

On the other hand, it looks like the opposition party may make real reforms that are necessary a reality -
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"Fears that the loss could derail efforts to drag Japan and Asia out of the economic crisis are likely to throw global financial markets into turmoil today....... . . . Political instability in the wake of this election is expected to delay the passage of vital legislation for dealing with the nation's financial and economic crises by forcing the LDP to compromise with opposition parties.

The opposition favours tax cuts over public works as the best way to restart economic growth. They also tend to favour stricter action for dealing with the banking crisis."
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scmp.com

On the other hand the same paper has a sister article that states "An LDP loss is expected to lead to initial euphoria in financial markets on expectations of larger tax cuts."

scmp.com

So yeah, the market will be up or down on Monday either depressed or euphoric on the results of the election. This is why I can't time the market and would never be a good market prognosticator -

Joe
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