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

To: borb who wrote (2148)	11/21/1999 3:21:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 3902

borb, Any thoughts on the potential revaluation of the Yen that is currently being commented on in the Financial Times? Alledgedly, Japanese politicians are claiming that the Yen is threatened with losing its place in the global currency markets so they think chopping a couple of zeros off the end will resolve that problem and restore economic confidence. Funny how people think a "reverse split" in their currency will create confidence. It doens't seem to work that way with stocks..... :0) Watch out... the yen and Japanese markets are overvalued and these guy are getting ready to revalue their currency into that strength. Btw, Toyota reported that their pension liabilities are now double what they had previously reported, or an estimated Y60Bn ($5.7Bn)... They can't be the only ones. Final note.... what happens to a stocks price when rumours are let out about a reverse split?? They normally plummet.. right? I think we'll see the same in Japan. Regards, Ron

To: borb who wrote (2148)	11/22/1999 1:40:00 PM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 3902

Webs Hong Kong went from $8 1/16 to $13 7/16 that is about 67%. The best of those I mentioned, Fidelity, went from $5.98 to $12.18 or 103.6%. However some 15% of that gain was on account of currency. I am about to concede victory to you as regards the date of the 20k number. (You said Dec 31, I said end of Japanese year in May). The market recovery is starting to widen. It seems that everybody over there has brushed aside Y2K considerations. Perhaps it is being replaced by Y20000k considerations <gg>.