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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7937)	8/29/2001 6:46:29 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<My Global Crossing debt, bought a few days ago at 0.7 on the dollar, just went to 0.61 on the dollar. That was fun, quick, and 'not' painful.> What's the situation there now?? Did they ever spin off "asia crossing", and do they expect positive cash flow with reasonable projections? Thanks in advance, perhaps Maurice could chime in. DAK

To: TobagoJack who wrote (7937)	8/30/2001 1:07:26 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<``The Dow's performance is quite worrying. It's like now the Nikkei and Dow are competing with each other to be the first to breach the 10,000 level,'' said Hiroyuki Nakai, investment research manager at Tokai Tokyo Securities. Nakai said the Dow's decline was a cause of concern as it shows that an economic slowdown is spreading from the technology sector to other U.S. industries and hurting personal consumption in the United States, Japan's largest trading partner. >http://biz.yahoo.com/rf/010829/t95913.html Jay, even I am getting a little queasy now. <<Japan now right back at 1980 levels in the Nikkei [which is not the case if adjusted into US$ of course and nobody seems to mention that]>> <Good thought, but you are now scaring even me. > Nikkei dropped more, to 10800. Will it breach 10,000 for the first time since prehistoric times? There are still Japanese tourists arriving for Snowboarding fun, with wads of yen to spend - they are amused at how cheap things are here. Their government should print a whole lot of yen and post them to their citizens, telling them to go have some fun in NZ which needs the money. We will use it to buy CDMA phones and Toyotas and petrol. Mq Dow 16,000 Feb 2002. Hmm, the countdown is running out of time - only half a year to go. The markets took a couple of years longer to be crunched than I thought so I suppose I should add a couple of years to recover, since it moves slower than I expect but I'll stick with it for now. Very nervously. Time, J6P media, now all aware of the economic glitch around the world and journalists are starting to puff the story.