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To: isopatch who wrote (88475)3/9/2001 8:53:10 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Imo the only "good news" that can come from Japan are:

1. The collapse and elimination of the LDP.
2. A full and complete RTC style bailout of Japanese banks and ins. cos. funded with taxpayer yen.

Imo number 2 cannot happen without number 1. In short, things have to get worse before they get better.

Imo my main reason for remaining extremely skeptical of the overall market is this:

insidertrader.com

Those in a position to know their own businesses prospects are not buying in droves. Short term rallies are de riguer even in bear markets, but this indicator is screaming "No major rally".