lib,
>>But how can stabilization happen if nobody is buying?<<
IMO, stabilization can happen if everybody stops selling.
This is already happening to a degree with COMS. The good
news with COMS is that it's volume is miniscule with
the big caps that are getting slaughtered.
Also, stabilization can happen if we get some news
that Japan is going to do something right for a change.
IMO, this is very possible because once they are pushed
to the point of having a few major bankruptcies, they will
move their butts. The only time they make progress, is when
they are pushed to the limit. I'm hoping they get
1/6 dozen bank failures before the end of the month...(fat
chance, but we never know).
If Japan shows any signs of improvement, then we will
see relatively rapid healing of the Asian Flu.
Phoenix, I think you live in Japan last I remember. Can
you give us a bird's eye view? Are those politicians
starting to worry yet? Or are they just resigned to loosing
the next elections and bringing in the new wave of
reform? I'll bet the average citizen doesn't know what's
going on much except that his job might be in jeopardy and
that's akin to loosing a member of the family, right? Other
than that, Indonesia, South Korea, China, Russia, etc.
are as important as Mars, Jupiter, and Pluto.
Any thoughts?
joe |
