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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (706)	4/2/2000 9:58:00 PM
From: Michael Young	Respond to of 33421

Makes sense. I feel the funds will be flocking to the Naz companies with established earnings growth, and shying away from the "concept" momo stocks. It is obvious the semis should post fantastic EPS the next few quarters. MIKE

To: John Pitera who wrote (706)	4/3/2000 8:29:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

John, The DOW is slipping away from the median line which has been holding it... a lower opening this morning will make it difficult for the DOW to return to that line... also, the open interest and the volume has been drying up for the SP futures on the recent rally from the February and March lows made a few weeks ago, the last time that occurred was in early January and the SP's fell from 1514 to 1408 in a straight line... does history repeat itself? Who really knows... but, it looks like a short to me.....BWDIK GZ

To: John Pitera who wrote (706)	4/3/2000 8:43:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

For those who may have missed this news: Japanese Premier Said To Be in Coma Chief Cabinet Secretary Takes Control of Government By ERIC TALMADGE .c The Associated Press TOKYO (April 3) - After keeping the crisis from the public for nearly a full day, a senior Cabinet minister said Monday he had taken over as Japan's acting premier because Prime Minister Keizo Obuchi was in a coma following a stroke. Obuchi, 62, required an artificial respirator Monday after being admitted at Tokyo's Juntendo University Hospital early Sunday. He was under intensive care, Acting Premier Mikio Aoki said. Aoki, who served as Obuchi's chief cabinet secretary, said his boss' condition was extremely severe and he was not likely to be able to resume his duties soon. Obuchi's condition deteriorated shortly after he requested Aoki assume leadership Sunday. Officials stressed after an emergency Cabinet meeting that Obuchi's illness would not bring any immediate change in policy. Obuchi's ruling party continues to be firmly in control. Taichi Sakaiya, head of Japan's Economic Planning Agency, said economic policies remained solid. ``It is not possible that (Obuchi's illness) will have an impact on economic policies,' he said. Traders said the news of Obuchi's illness was not a major factor in the rise of Japan's currency or stock markets. But concerns were raised that, if prolonged, Obuchi's absence could hinder Japan's ability to host the G-8 summit of the world's leading industrialized countries this summer. It could also intensify jockeying for power ahead of parliamentary elections, which must be held before October. Newspapers were already speculating on who might succeed Obuchi. Two politicians named were Foreign Minister Yohei Kono and Liberal Democratic Party Secretary-General Yoshiro Mori. Of more concern to many, however, was the government's failure to disclose the crisis sooner. ``Why did they hide the crisis?' said a headline in the Asahi, one of Japan's major newspapers. Obuchi's illness was not announced until 22 hours after he was admitted to the hospital. Aoki's initial announcement Sunday night lasted only four minutes, and he refused to provide details on what had happened to Obuchi. His second news conference, early Monday, lasted less than 15 minutes and offered little. Later Monday, Aoki said Obuchi was in a coma. Aoki, the senior government spokesman and Obuchi's closest lieutenant in the Cabinet, and other top ruling party officials met through the night to discuss the situation. Aoki said no announcement was made earlier because officials did not know how serious Obuchi's condition was. ``We believe we acted with all due caution,' he said. ``When I saw him (Sunday afternoon) he was calm and able to speak. His condition got worse after that.' Many Japanese questioned that position. ``I'm flabbergasted,' said Yoshiko Kojima, a 36-year-old Tokyo office worker. ``We didn't necessarily need to know all the details, but we should have been told how ill he was.' Obuchi had been under intense pressure over the past week. He has had to deal with a major volcanic eruption in northern Japan and turmoil in his ruling coalition. Last weekend, he traveled to southern Japan to inspect preparations for the G-8 summit. Obuchi became prime minister in July 1998, and surprised many analysts with his ability to get his policies through Parliament. In his first year, he jump-started the economy, consolidated his party's dominant position in Parliament and championed legislation strengthening Japan's regional security role and giving official status to the Rising Sun flag. His fortunes had sagged recently, with polls finding that support for his Cabinet is declining. Aoki has long worked as a quiet political insider, holding several top posts within Obuchi's Liberal Democratic Party. Previously deputy finance minister, he was named chief Cabinet secretary last year. AP-NY-04-03-00 0429EDT

To: John Pitera who wrote (706)	4/3/2000 10:03:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

The DOW has recovered its early morning weakness rather nicely for the moment... if it holds today and closes strong, then the rally can finally resume... the NAZ appears to be the sick one right now... GZ