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To: Les H who wrote (139434)	12/19/2001 3:16:42 PM
From: Les H	Respond to of 436258

Love is everywhere, everywhere you look around ... Patriotism and greed set in as the Manipulators began to buy en masse. Their strong move turned the market upward and laid waste to the vicious unpatriotic short sellers -- who ran for cover by hedging their positions with call options. As always, the Manipulators picked the low-hanging fruit. examiner.com

To: Les H who wrote (139434)	12/19/2001 3:25:06 PM
From: NOW	Read Replies (2) \| Respond to of 436258

"He said the yen must weaken to about 180 yen to the dollar if structural reforms, including the writing off bad debts, are to be successfully implemented. " 180!!! Got trade war, 1930 redux....

To: Les H who wrote (139434)	12/19/2001 3:26:21 PM
From: NOW	Respond to of 436258

Armstrong may well be proven right: not until everyone comes to our party will this house burn down...

To: Les H who wrote (139434)	12/19/2001 4:57:56 PM
From: At_The_Ask	Read Replies (3) \| Respond to of 436258

This may be us in a few years....spooky thought. Some Liberal Democratic Party lawmakers have suggested that the Bank of Japan purchase commercial paper and bonds issued by corporations in order to ease or put an end to anxiety over market conditions. But the central bank's governor, Masaru Hayami, opposes this proposal, arguing that the bank could not afford to purchase securities issued by companies about to collapse. Japanese share prices are also confronting an endless spiral of decline, as the value of banking stocks, combined with many companies whose stock prices have fallen below 1,000 yen, continue to drag down market performance as a whole.

To: Les H who wrote (139434)	12/19/2001 5:43:04 PM
From: Tom Smith	Respond to of 436258

Defacto devaluation....yep, central bankers sticking it to the aging Japanese saver and in a rush to save a corrupted banking system, the samurai eat their own. Savers gotta reverse the mattress stuffing cycle they've grown accustomed to and quickly before their savings are inflated away......let's see, are they likely to invest in the bubblicious US markets? Wall Street is salivating at that prospect. Seems unlikely though, they don't even invest in their own markets; that's why all that money is still available for expropriation through devaluation. Where will that money go? In a rush to get out of the yen because of the prospect of (and at the same time) the BOJ is buying foreign bonds, the yen will fall precipitously. Do any of these guys fear for their jobs? Will they do the honorable thing when they fail?