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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (24815)	3/31/1999 11:28:00 PM
From: James Strauss	Read Replies (3) of 50167

Don Hayes Says.... Last night ended the Japanese fiscal year, and their March madness. April is often a turning year, and we expect it to be this year as well. Since we still believe that this year will closely mimic last year's April, let me once again refresh you with last April's performance. The market rallied into the first few days of April 1998, then started a 3-week backing and filling process that finally broke down at the end of the month. The next three weeks will encompass most of the earnings releases, and the market has strangely enough rallied in many of these periods for the last 12 months, even with rather dismal releases. But as the news was finally out, then the trouble has erupted. We expect that again this April. wheatfirst.com Jim

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