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

To: Zardoz who wrote (1962)	7/11/1999 6:40:00 PM
From: oilbabe	Read Replies (1) \| Respond to of 3902

The history of the Nikkei appears to be that it rises as bond yields rise, contrary to the US market.

To: Zardoz who wrote (1962)	7/12/1999 2:02:00 AM
From: borb	Respond to of 3902

''I think it can go higher. There's a lot of short-covering going on,'' said Kazunori Jinnai, deputy general manager at Daiwa Securities SB Capital Markets. Traders said a bout of profit-taking at the end of last week seemed to have run its course and firm support at 17,800 had helped prompt the short-covering. The market continued to be led by high-technology issues after high-techs pushed the Dow Industrial and Nasdaq to record highs in New York on Friday. Turnover was heavy in Fujitsu, Mitsusbishi Electric and Hitachi. At 0417 GMT Fujitsu was up 235 yen or 8.64 percent at 2,955. Hitachi rose 14 yen or 1.18 percent to 1,204, and Mitsubishi Electric was up 29 yen or 5.08 perent at 600.

To: Zardoz who wrote (1962)	7/12/1999 12:43:00 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 3902

Price/Earnings ? This is a critical issue. The post that started this thread said most companies have low P/E. Now this guy says the P/E is 300!!! Have all the Nikkei companies become unprofitable in the last year? Is this situation expected to persist? Or is this a false alarm? How can we settle this question? I've always been uneasy about investing in Japan because it seems like their disclosure requirements are not as strict as in the US. Financial information tends to be sketchy and out of date. Fun-da-Mental