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To: LOGAN12 who wrote (3485)1/24/2000 8:11:00 PM
From: TobagoJack  Read Replies (1) | Respond to of 6018
 
Hi Linda, "Japan is getting ready to ...". I am counting on the attempt to fail. We all are. My figuring is that they are getting ready to and think they can sell the bonds. Japanese government is horrendously in debt and thankfully Japan is rich in savings. With billions (ney, trillion) of maturing bonds, the government will necessarily try to keep their hands on the money as it gets re-invested into (1) bonds, (2) stocks, and (3) 9984. I figure a good chunk of that money will go into 9984, if NASDAQ holds or if the Japanese do not care about what happens on NASDAQ (they may not).

Bonds at 1.naught interest rate would be a hard sell, even for Nomura. The bonds were originally issued at 5+% interest rate 10 years ago.

Nope, the issue that ought to rivet our attention is NASDAQ, not the Japanese government's hopeless attempt in trying to con the domestic investors into buying bonds yet again. I would be disappointed in the Land of Rising Sun if they unquestioningly buy into the bonds, and if they do, they deserve the bonds. If they do, I hope our 9984 gets loaded up on cash by selling corporate bonds as well. 9984 folks, are you getting the paperworks ready too?