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To: NickSE who wrote (58689)	8/25/1999 8:40:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 86076

Nick, hope i have time to finish the book before the NAZ doubles.

To: NickSE who wrote (58689)	8/25/1999 8:51:00 PM
From: NickSE	Respond to of 86076

Japanese Bonds Fall on Concern Postal Savings Funds to Lose Deposits quote.bloomberg.com Tokyo, Aug. 26 (Bloomberg) -- Japanese bonds fell, driving the benchmark yield close to a six-month high, amid concern a redemption of deposits in state-run postal savings accounts will force the government to cut its purchase of bonds. The Posts and Telecommunication Ministry said yesterday it will probably lose 31 trillion yen ($280 billion) in deposits over two years, through March 2002, as savers may reinvest some of their money in other securities. Postal savings are deposited with the Finance Ministry's Trust Fund Bureau, which then invests in government bonds and other products. ''Without question, the postal savings shock will be felt on the market,'' said Masuhisa Kobayashi, a fixed-income strategist at Merrill Lynch Japan Inc.

To: NickSE who wrote (58689)	8/25/1999 8:59:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

Garzarelli: Well, I think that according to our valuation model on the stock market, not based on interest rates, but based on inflation -- the earnings yield to the inflation rate, which I think is the way to value the market these days. This indicator has always told me when we're at the peak in a bull market; it predicted the crash of '87, this indicator on valuation also predicted the 1990 bear market -- suggests that at the current rate of inflation, which is about 2 percent, the stock market, where earnings are today, not future earnings, can still rise another 22 percent. I mean, we just ran those numbers this morning. So I would say, on any weakness, it's a buying opportunity. =shag= cbs.marketwatch.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Anyone know if Godzillarelli has had a AZW nomination??? If not, could we have a vote cause this post surely qualifies as AZW material...

To: NickSE who wrote (58689)	8/25/1999 9:06:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

WTF is going on tonight? Tons of quality material around impossible to pass up. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ cbs.marketwatch.com LOS ANGELES (CBS.MW) -- Another new record in the stock market. Oh hum. That still small voice in my head is saying loudly that the prediction made by Ralph Acampora, Prudential's head technician, will come true. Ralph predicted that the Dow will explode past 12,000 and hit 13,000 by New Year's Eve 1999. In short, the bull's still running hot. More important, the near future looks even brighter. Remember, we recently quoted from Wired magazine that we're entering a golden age, a 20-year global economic boom: "At this particular moment in our history, the convergence of a demographic peak, a new global marketplace, vast technological opportunities, and a financial revolution will unleash two uninterrupted decades of growth," the magazine said. And that economic engine should propel us to even dizzier heights on the Dow, even though ultra conservative worry-warts dismiss these forecasts as pie-in-the-sky. Other predictions include: · 15,000 by 2005: Deutsche Bank economist Ed Yardeni · 18,500 by 2006: Prudential's chief technician, Ralph Acampora · 21,200 by 2010: Sheldon Jacobs, No-Load Fund Investor · 30,000 by 2010: Frank Jennings, Oppenheimer Funds · 41,000 by 2008: Harry Dent, author of The Roaring 2000's · 49,200 by 2013: Investor's Business Daily projection · 100,000 by 2020: Charles Kadlec, strategist at Seligman & Co · 120,400 by 2025: Roger Ibbotson, economist · 153,000 by 2023: Investor's Business Daily again · 400,000 by 2047: Kiplinger's magazine ·1,000,000 by 2050: MadDog, author of Thunderchicken Review (he he)