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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (4303)	3/5/2002 3:38:52 AM
From: Snowshoe	Respond to of 12231

OK, it's not every year. But for three of the five years shown, the high of the year was very near the end of March. The pattern is especially obvious in 2000 and 2001. If the pattern repeats this year we will see the Nikkei drift down after March 31st. The idea is to prop stocks up at the end of the fiscal year so that the banks can pretend they have enough capital to meet the minimum ratios. This trick reminds me of my first full-time job many years ago in a wholesale warehouse. Things were a little dicy at the end of one fiscal year, so the company president called in the entire shipping staff to work all weekend filling orders. A lot of the merchandise was out of stock, so we were told to arbitrarily substitute something else. Over the weekend we filled the entire loading dock with cartons ready for shipping, and the boss made the quarter (on paper). But then a lot of the merchandise was returned by disgruntled customers, and within a few months the major shareholder took over the company and kicked out the president.