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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (49087)4/6/1999 7:55:00 PM
From: GST  Read Replies (1) of 164684
 
Sarmad -- I forgot one other thing -- corporate pension plans in Japan are underfunded to the tune of about $900 billion -- this is a whisper number as there is not an official total. Unless you fathom the full extent of the financial mess in Japan, as well as their enormous pool of savings as an underpinning for our debt markets, it is easy to underestimate how serious their problems really are, or what the solutions might do to us.

I post on this because I think it is hanging over the market and causes worry to large players -- but I see absolutely zero, nada, nothing to indicate movement of capital right now. If the stock market comes down from here, it will be because of interest rates and valuations. As long as the yen is above 120, I think this will be true. If the yen falls below 120, fund managers will suspect something is up. We are in earnings season -- how do you think earnings will play out?
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