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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 (2171)	12/29/1999 2:44:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 3902

So, what's next year? 25K for Nikkei? Congratulations on doing so well in 1999. As for 2000, I think that will be when the rubber finally hits the road in Japan. They are set to see their national rise to 105% of annual GDP within the next several years. If they are not able to drastically stimulate GDP growth, I can hardly see how the global financial system will favor their currency over the US dollar, which is reducing its budget deficit and showing strong economic growth. It just doesn't seem to add up to continued sustainable gains on the Nikkei, especially when they will likely see much of those pension funds leave their nation seeking greater safety and annual returns. We'll have to see what the new year brings. Hope for your financial sake that you're right. Regards, Ron

To: borb who wrote (2171)	12/29/1999 4:48:00 PM
From: Professor Dotcomm	Read Replies (2) \| Respond to of 3902

Good question, Borb. The big issue here, I think, is whether Japan's ho hum stocks (which make up much of the Nikkei) will start to join in. Most mutual funds (or at least those who had alert management) were able to double in value over the last 12 months even though the Nikkei could only put on about 35%. So back to your question. I expect that during the course of 2000 some of these laggards will start to join the 'Nasdaq jet set' type of Japanese stocks and we shall see the Nikkei jolting up to the 25,000 - 30,000 area over the next 15 months. The sun is starting to rise again! (Written before the world famous cataclysm that historically hit Japan as Y2K problems raised their heads on January 1 and 2, 2000 - if you read your history books! (<g>)