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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Stuart T who wrote (84706)	1/4/2000 11:06:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

you know when you are over trading when you pay 12K in commissions like i did in one month last year

To: Stuart T who wrote (84706)	1/4/2000 11:06:00 PM
From: professor	Respond to of 90042

From Bloomberg. Asia is getting whacked also. Japanese Stocks Plunge, Led by Sony; Topix Takes Sharpest Tumble in 10 Yrs By Yukiko Takai Japanese Stocks Plunge, Led by Exporters on U.S. Rate Concern Tokyo, Jan. 5 (Bloomberg) -- Japan's broad Topix stock index is on course for its biggest tumble in nearly 10 years, led by Sony Corp. and exporters, on concern a possible increase in U.S. interest rates may hurt U.S. consumers' appetite for Japanese goods. Sony and Kyocera Corp. were untraded on sell offers after U.S. stocks declined the most since 1998 on concern the Federal Reserve may raise interest rates more than expected to combat inflation. Softbank Corp. and other companies with investment in the U.S. Internet start-ups also fell as the decline by U.S. computer shares may reduce the value of their stockholdings. ''The biggest risk for the global stock market this year -- at least for the first half -- is a decline by U.S. stocks,'' said Shin Kariya, senior fund manager at Partners Asset Management Co., which handles 1 trillion yen ($8.42 billion) in securities. ''Japanese stocks are vulnerable if foreign investors start to withdraw money from equities.'' The Topix index of all issues on the Tokyo Stock Exchange's first section plunged 104.12, or 6.1 percent, to 1613.35, on course to post the steepest decline since April 2, 1990. The Nikkei 225 stock average tumbled 771.79, or 4.1 percent, to 18,231.07, the sharpest loss since Oct. 8, 1998. That's after yesterday closing at the highest since Aug. 21, 1997. Nikkei futures for March delivery tumbled 720 yen to 18,270 in Osaka and declined 785 yen to 18,275 in Singapore. Some 295 million shares traded, on course to beat the six-month daily average of 553 million shares. Seven stocks fell for every five that rose.