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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Shoibal Datta who wrote (43725)	3/14/2001 12:44:28 PM
From: Sam Citron	Respond to of 70976

Shoibal, Thanks for clarification. To say that today's news is the last shoe to drop normally implies a bottoming process, but I now see that is not what you mean. I would not be overly focused on news headlines, except to the extent that when a major news magazine like Time or Newsweek has a scary stock market front cover, that has normally been an excellent contrary indicator. Today's Fitch story is but one more in a series of negative signposts about the state of the Japanese economy. It can be a bit tricky to get a hang for the interpretation of economic news without some formal training in economics. But one source that you may find quite useful is dismal.com from Thomas Carlyle's characterization of economics as a "dismal science" [see Heilbroner, Robert L., The Worldly Philosophers, page 78.]