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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (28215)	9/22/1999 3:22:00 PM
From: Don Hurst	Read Replies (2) \| Respond to of 42771

Paul, Japanese Stock Mkt last night drops over 600 points and everyone still says that the Japanese economy is in the tank and the yen gets stronger against the dollar. My feeble brain can't handle this logic. BTW, a Greenspan rate increase plus a stronger yen does not lead one to increased Detroit car prices. Don't forget that Japan builds alot of the US mkt in the US and increased US rates might just lead Detroit to more and better financing rebates to increase mkt share. Also, Novl coming back a little right now. There has been quite a high volume of Novl Oct 20 options today also. FWIW. Regards, Don

To: Paul Fiondella who wrote (28215)	9/23/1999 1:29:00 AM
From: Frederick Smart	Respond to of 42771

Greenspan & BoJ... >>As you can see from the article I have quoted here from the WSJ, the Bank of Japan isn't going to print more money. That only leaves the "co-ordinated" currency approach favored by strong yen advocates in Japan. These are the folks that want to end the post WWII dollar hegemony and go to a tripartite Yen/Euro/$$$ world.>> Paul: As the WSJ editorial noted, now that the Ministy of Finance is supposedly no longer controlling the BoJ, perhaps real reform can take place to stimulate demand. As in most examples of prolong downturns, individuals want to see evidence and signs they can trust, get their teeth into and build upon. Japan's overregulated, command/control economy has failed. Zero interest rates are the final proof. Someone, some individual - political/economic - leader needs to step out of the pack and like a defiant nail sticking out of the proverbial Japanese coffin, provide the catalyst in the form of new leadership for massive change. Perhaps it's finally time. My guess is this could be where the surprises comes from. It would send a huge signal to the rest of the world. Open up, relax rules, restrictions and regulations which are negatively impacting demand. How can these central banks try to co-ordinate something they've lost control of to begin with? They are all Wizards in a New Land of Oz. When you can't even begin measure what's driving this new economy - services - how can you expect to control or measure demand to begin with. Demand is controlled by animal spirits - incentives and the energy of freedom. All the central banks have to do is stablize their currencies to the value of something - gold or whatever - to enstill longterm trust. The currency devaluations we've witnessed throughout the world had one hidden component: some people on the inside knew of these deals, front ran them and made out like bandits in ways that allowed them to consolidate more power. The IMF needs to be held more accountable. I think Greenspan is doing a great job. Japan should fall into line, but it won't be through easy money. Peace.