To: gerard mangiardi who wrote (40749 ) 9/27/2001 9:33:18 PM From: Crystal ball Respond to JAPANESE LEFTOVERS: the international dateline means that Japan gets the first chance to call the tune of the day, and what they did was dump stocks and instead of rotating to WINDOW DRESSING for the end of the Quarter into better stocks, and instead of holding CASH that is YEN they rotated into US DOLLARS, because their bank reforms require assets to be revalued as marked to the market instead of old values based on old purchase prices which have hidden the Japanese crash, and thus causing Japan to dump "loser stocks" and convert them to US DOLLARS, not to support the US Dollar in order to help Japanese exports and thwart US exports as reported or explained elsewhere, but to allow US STOCKS to drop, while the day passes the sold off market to Europe, more of the same, and then to the US where we continued the SOLD OFF ON OPEN condition all day, eating JAPANESE LEFTOVERS. Like chinese food, japanese leftovers leave one hungry. We are at the end of the quarter, its is about to be payday, the Federal Reserve just dropped interest rates 50 basis points and will do so again this week at the regular FOMC Meeting, thats 100 basis points a full 1% with no doubt another 50 basis points and ZERO RATE (Fed rate minus inflation) before the end of the year (Japan is already at ZERO interest rates) and hopefully OPEN CARRY (Fed rate lower than 2 year treasury rates, so your local bank can borrow from the Fed and buy Treasuries to cover required Cash Reserves, and loan out real cash, and via the multiplier effect, get cash back into the bank to reloan and reloan, and increase the money supply finally) leading to more liquidity to boost the economy and markets, so with a PAYDAY RALLY and FED RALLY just days away, the Japanese get to rotate tommorrow and next week FIRST to buy the SOLD OFF STOCKS CHEAP, BEFORE WE CAN. What were the english thinking when they based Greenwich Mean Time (ZULU) on high NOON, only mad dogs and Englishmen go out in the midday sun. If only the international date line, MIDNIGHT, began the day in the Atlantic somewhere, so the US would get the first catch of the day. Instead we get Japanese leftovers. Japan truly is the land of the RISING SUN and RISING MARKETS. I think this is how it will shape up as the world turns on the Eve and Weekend of a Recovery Rally.
