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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: ED_L who wrote (5679)	3/2/2001 9:37:15 AM
From: Lane Hall-Witt	Respond to of 6445

ED_L: It's definitely important to keep a close watch of the overseas markets in this environment. What's happening in Japan right now is devastating; that market is in free fall, with no reversal in sight, even if they unload their Prime Minister. The situation there is nearly catastrophic: huge government debt, huge corporate debt, no consumer spending, export situation uncertain at best with U.S. slowdown, Yen weakening in an environment where they're not going to get export help anyway, interest rates already near zero. This is the world's second-largest economy, a looming disaster. Hong Kong and South Korea started the year strong, but are now being dragged down by Japan and the U.S. Europe is a ray of hope, but I personally doubt that they can weather weakness in the U.S. and Asia. And they still have fallout from the Turkey situation to disclose. There's little doubt that the German banks, at least, got hit hard there. It was modestly encouraging that ORCL reported continuing strength in Europe and Asia Pacific, but that may not be much of a tell, given that ORCL's U.S. quarter was strong until the last three or four days of February.