Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (3565)	11/6/2001 9:23:00 PM
From: t2	Respond to of 99280

Tokyo hasn't looked back since the open. It's been down down down. Very interesting.... Are they trying to tell us something? Many ways to look at this. One is that investors want to increase weighting more in US stocks considering the economic and monetary stimulas. That is, no incentive to buy up stocks where there are current problems with bad loans (Japan) and have been for a long time. Japan was a good play for a few months when there was a worry of when we see the bottom in the business cycle in the US---investors probably felt that at least the news about Japan was well known and therefore priced into their markets. Therefore, the risk of holding stocks in those markets was less than the US...ie. they were defensive buys, imho. Now consensus seems to be developing that the US business conditions will get better first..and you can notice that on some of the technology companies' conference calls--reversal of what we heard earlier in the year. I have heard several suggest that US conditions are getting better while there are still weaknesses overseas. Now it appears that more and more investors are looking for the US to recover before Europe/Japan do. Of course that means fund flows into the US..we may have finally hit bottom in international fund outflows; ie. reached the inflection point. The currencies markets may be telling us that right now. Could be one of many factors that could keep the rally going on the Naz and Dow. JMHO. BTW--Nikei down 202 by midday; It would not surprise me to see a major reversal before they close. I don't think earnings from a company like QCOM can dictate the market direction in Japan more than the move to lower interest rates.