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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (1917)	6/14/1999 11:02:00 PM
From: borb	Read Replies (1) \| Respond to of 3902

Actually, I think 20K by May next year is kind of high. However, 115 might be a bit low. I will say 110.

To: Professor Dotcomm who wrote (1917)	6/16/1999 2:45:00 PM
From: Professor Dotcomm	Respond to of 3902

The forex level is the joker in the pack. Repatriation by more confident Japanese investors pushes up the yen. A higher yen uses up BOJ reserves and penalizes the internationals. However, the only way that I could be right will be that any durable recovery will have to come from the Japanese themselves who would be buying their own domestic stocks - otherwise the whole Nikkei scene will be a kind of arbitrage operation with scant regard to the fundamentals. However, traditionally, any long term correction of any national bear market is usually stimulated by foreign (often ill informed) capital inflows which provides the necessary spark. Who knows?