To: pater tenebrarum who wrote (8634 ) 8/4/2000 12:12:32 AM From: Step1 Read Replies (1) | Respond to I can remember what that low was... 12,800 intraday or 13800 intraday. I know it moved a cumulative 1300 pts in those two days didnt it? Or have i got the whole thing confused? At any rate, another -10% or so and we will be sitting on the 14,000 line and that would be bad news ... If people in the US think that Japan dont matter anymore they are not looking at it properly in the right scope of things. it is not the market index that matters (eventhough to most it is all that matters it seems) it is the real economy, the mom and pop stores, the farms, the trinket makers, the travel agencies, the scrap dealers, the food importers, the used construction equip exporters, the (ok, lets get a bit more sophisticated here) the banks and high tech equip etc, ok you get the picture. Japan is to Asia what the US are to Mexico and the rest of Latin America. Providing jobs in Japan ( helps remittances) as well as across Asia, and a market for their products. To rely on the US solely as a buyer of last resort and think that it can go on indefinitely is naive unless you think that fiat is eternal and all powerful. At some point, it will stop working...
