Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: donald sew who wrote (24042)	8/28/1999 1:10:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 99985

I read all of AG's speech, and there were quite a few pointed comments on investor psychology shifting abruptly, and how that does relate to central bank policies. Per your 3-day pattern: It seems to me that Friday's action would not be flat, nor qualify as strongly down. Does this change anything? Perhaps the 3rd day will be "really strong", or perhaps it will turn out to be a 4-day down cycle? Will be interesting to watch, as always. thanks for your comments.

To: donald sew who wrote (24042)	8/28/1999 3:20:00 AM
From: Don Green	Respond to of 99985

Saturday, August 28, 1999 Household Spending Grows On Emerging Trends TOKYO (Nikkei)--A graying society, information technology needs and improved consumer sentiment are the underlying factors that pushed up household spending of salaried workers by 2.6% on the year in July, various statistics indicate. Despite a year-on-year drop in household income, July's household spending increase announced by the Management Coordination Agency on Friday was the highest since January. Households loosened their purse strings for home repairs and maintenance, with the agency reporting a year-on-year rise of 24.7% and a fourth straight month of increases in such spending. Makeovers that cost less than 1 million yen played a major role in the expansion of the housing reform market. Many elderly residents chose to make their homes barrier-free, mainly by eliminating stairs and bumps. Medical spending increased for the seventh straight month, another reflection of Japan's aging population. Information technology spending proved to be a growing portion of family budgets, the report showed. A recent industry survey showed that domestic shipments of personal computers topped 2 million in the January-March and April-June periods, exceeding televisions for the first time. July telephone and other communication bills came to an average 9,017 yen per household, higher than electricity, which averaged 8,603 yen. Communication spending has been growing almost consistently since December 1994 amid the proliferation of cellular phones and the Internet. Rising consumer confidence also seems to be a factor in the overall increase. Despite rising unemployment and shrinking summer bonuses, the survey showed that average propensity to consume rose to 73.9% of disposable income, the highest in 13 months. "A recovery in consumer sentiment appears to be a cause," of the household spending rise, says Takafusa Shioya, the administrative vice minister of the Economic Planning Agency. (The Nihon Keizai Shimbun Saturday