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

To: t2 who wrote (38820)3/7/2002 7:52:14 PM
From: Softechie  Read Replies (2) | Respond to of 99280
 
About Japan market. I wonder the rocket rise in its market is due to shorts covering or market is calling bottom to economy and can't get any worse. I think it's mostly due to shorts covering. After they're done, watch for the cliff.



To: t2 who wrote (38820)3/7/2002 7:55:42 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 99280
 
Looks like Japan is up about 2% after all and the yen is up sharply as well. Remember lots of strategists have recently turned bullish on Japan. And their market still is about 70% below its all time high while the S&P 500 is down just 20% or so. I still say that market will vastly outperform ours over the next few years. Of course the short-term trend is anybody's guess.


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