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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (5282)6/8/2000 5:16:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 5676
 
<<Hainz, but Japan's stock market is still around 50% from it's high which means that the NAZ could not drop much below 2500 which is still overvalued.>>

That's true, but if it the Naz were to act identical to the Nikkei, it will be at 2500 in 2010!



To: Haim R. Branisteanu who wrote (5282)6/8/2000 5:53:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 5676
 
Haim, isn't Japan more like 60% down from the high? and 11 years later to boot...

the ECB hike is yet another drip in the confidence erosion that is taking place imo...it was interesting to see the move downplayed in an extensive damage control spin exercise on CNBS Europe today...

the ECB is trying to regain the credibility it never had. i'm looking forward to Japan's GDP and more importantly Hayami's reaction. i think the BoJ is a hair's breadth away from nixing the zero interest policy. that's a serious development w.r.t. the US bubble. cheap Japanese capital is one of its life-lines.

regards,

hb