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

To: John Pitera who wrote (3264)	2/15/2001 9:37:20 PM
From: Yorikke	Read Replies (1) \| Respond to of 33421

John, It may be an interesting six months if a few weak banks fold. Even if they are in that 'it can not get worse mode' , perhaps there is something in the Japanese investment psyche that makes accepting defeat nearly impossible. And that refusal just prolongs the downward churning. Bear market capitulation may not be the same animal in Japan. Given the strong links between banks and companies it may take much longer for the weak to actually drown in debt. Weakness could be in hiding behind veils of respect for others and the drum beating of the Japanese warrior bonzai spirit. ( Perhaps it is to hard to admit failure, and since the knife is no longer a viable alternative, one just lives with it and lets it fester.) The indicators are all there for a turn around, but the Nikkei is still above 12K. That leaves a good sized possible drop if things turn even more sour. However I agree with you, it is a market that could be very explosive to the upside if things start to come together for them. regards, Yorikke