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To: BigBull who wrote (74313)3/1/2001 11:45:45 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Looks like 13000 is now resistance. >

I'd say resistance is where ever it closes each nite! <vbg>

DAK



To: BigBull who wrote (74313)3/1/2001 11:49:02 PM
From: KeepItSimple  Respond to of 436258
 
Don't worry, it's not a loss unless you sell! It's an IMAGINARY loss.

Nice to know that anyone who bought shares in an index fund over the last 15 years in japan, and is still holding, is underwater

>Nikkei getting the old flusheroo Down 250 at this point.



To: BigBull who wrote (74313)3/1/2001 11:57:14 PM
From: TobagoJack  Read Replies (2) | Respond to of 436258
 
Hi BigBull, The HK Hang Seng Index is also getting a stomach pumping today, flushed of food ingested since recovery financial crisis (June 99), and downward momentum looks strong still. The floor is looking messy.

As the interest rate (tied to the US$ rate) is also dropping in HK, real property market is showing signs of upward move, with increasing transactions. Since the HS Index has 30-40% property component, the downward move is masked somewhat by the real estate's firmness.

The Nikkei's move is of course more ominous and globally impacting. It will be difficult now as many insurance companies will have no embedded unrealized gains on books, and they need it 28 days from now. Most of them are technically insolvent any way.

Nope, I believe there is nowhere to run from this tsunami. One can only can try avoid major losses, not so much making gains. The pound of flesh will be taken out of us in the form of inflation, deflation, equity losses, bond losses, compensation losses, or all of the above.

I am not a pessimist as some would make me out to be. The fact that I can laugh at all this makes me one of the most optimistic, as I always have been. Laugh now, get a head start, for we will be laughing about all this five years from now anyway.
Chugs, Jay