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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (20987)	7/24/1999 9:18:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

Nikkei 225 and the economy (as are most of Asia) are made up of companies who derive much of their business from exporting. So, they're falling in anticipation of lower export demand. Lower dollar would normally help the US companies that export. Cover story in washingtonpost.com about Chinese devaluation. They predict after October 1 (50th anniversary of government) or after beginning of next year.

To: Fun-da-Mental#1 who wrote (20987)	7/26/1999 8:17:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Fun, i would expect the Nikkei to fall prey to profit taking initially if and when U.S. markets weaken, but start to chart it's own course subsequently. i think it will ultimately outperform to the upside, as capital flows into Japan increase. japanese households are barely invested in stocks right now and a vast pool of postal savings is about to mature this year. since japanese interest rates make it impossible to re-invest this money at high rates, it is reasonable to expect that it will find it's way into the stock market as well. regards, hb