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To: byhiselo who wrote (40051)11/22/2000 11:39:58 AM
From: Perspective  Read Replies (2) | Respond to of 436258
 
<so what area of the world do you have a must buy on? international mufus want to know....>

I'm actually looking at Japan with a great deal of interest, primarily because of the stunning similarities between their present market activity and the activity of the US markets in the 1970s. Look at the period from 1965 to 1982 in our DJIA: five distinct bear markets. Three of increasing severity, followed by a pair of decreasing severity. A lengthy, rounding bottom that covered seventeen years, followed by a launch. Here we are, eleven years after the onset of Nikkei's problems, and well into the fourth bear market. The news seems very bad, and everyone seems universally bearish. Yet they are gradually taking their medicine.

I'm probably way early on this, but I think Japan reasserts its leadership role economically by the end of the decade. Our unwinding bubble could be the catalyst for a tectonic shift in global power.

BC