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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1905)	3/19/2001 11:01:06 AM
From: ItsAllCyclical	Respond to of 23153

>> Will they cause the USS economy to 'tank'? I don't believe they will. << We don't need the economy to tank to get further selling in techs and blue chips. Right now most of the analysts have high year end targets for the S&P 500 and the Dow based up the US returning to 3%+ growth. What if we hover around 1-2% for the next 12 months? Estimates will have to come down and right now the DOW and S&P are the only things holding this market up. I don't think the US economy will tank either, but I think it could be subject to extended weakness due to both Japan and the US slowing the world economy down. I don't think this has been priced into the S&P 500 or many tech stocks yet.

To: The Ox who wrote (1905)	3/19/2001 12:08:50 PM
From: Gottfried	Read Replies (1) \| Respond to of 23153

Michael, from WSJ >The Bank of Japan unveiled a radically new monetary policy that will focus on increasing the money supply instead of reducing interest rates. The policy is aimed at ending two years of falling prices and boosting the weak economy.<[snip] >The BOJ said that it will keep the new policy until the core consumer price index, which excludes perishables, stabilizes above zero in year-on-year terms, suggesting this policy will be in place for some time.< subscribers interactive.wsj.com Gottfried