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To: StanX Long who wrote (62136)3/15/2002 12:31:10 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Morgan Stanley's Alkire is long Japan

By Bill Clifford, CBS.MarketWatch.com
Last Update: 12:18 AM ET March 15, 2002

marketwatch.com

TOKYO (CBS.MW) -- In November and December, the amount of short interest in the Tokyo stock market exceeded long margin positions. "Unprecedented," said John Alkire, president and chief investment officer, Morgan Stanley Asset & Investment Trust Management in Japan.





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Morgan Stanley's John Alkire talks Tokyo stocks
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This "Sell Japan" mentality brought the Nikkei 225 Average to an 18-year low of 9,420.85 on Feb. 6. It provoked the Japanese financial authorities to penalize four foreign brokerage houses at the end of the month for short-selling violations. Tighter rules for the practice -- selling borrowed shares with a view to buying buy them back at a cheaper prices -- were set.

The crackdown triggered a wall of short-covering and a series of "Buy Japan" recommendations from sell-side strategists that fueled a stunning Nikkei rally.

But about a week before all of that, Alkire and his team of fund managers, had already begun to increase their buying of Japanese stocks. CBS.MarketWatch.com spoke with Alkire this week to find out why.

Q. Given the already huge run-up in Japanese stocks over the past month, how much upside is left, especially for investors coming into the market today?



To: StanX Long who wrote (62136)3/15/2002 12:32:22 AM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Stan, here's Nasdaq vs VIX for 3 years bigcharts.marketwatch.com

Gottfried



To: StanX Long who wrote (62136)3/15/2002 1:27:46 AM
From: Paul V.  Respond to of 70976
 
Stan, It does drive me nuts the way that the analyst try to drive a stock down and then at the same time buy the stock. I feel for the individuls who just listen to CNBC and do not see sector rotation nor examine the economic cycles.

Paul



To: StanX Long who wrote (62136)3/16/2002 11:21:08 PM
From: John Trader  Read Replies (2) | Respond to of 70976
 
OT Digital Cameras: FWIW, great deal at Costco Wholesale now - $150. This is my first digital camera, just unwrapped it about 10 minutes ago and just took my first picture.

My thoughts:
- $150 at Costco for this Olympus brio zoom (3x optical + digital zoom) camera, comes with an 8MB SmartMedia card, an Olympus lithium battery (it also accepts AA batteries), has a self timer, a 1.5" color lcd screen, and is a 1.3 megapixel camera. It connects to your PC via a USB cable (provided). Also, it is very small, I believe it is smaller than similar Olympus cameras I saw in other stores which cost about twice as much.
- Prices are apparently coming down rapidly for digital cameras, and at $150, I think they have entered a price point where many more will purchase.
- I am amazed at how much camera I got for the money. On a more general note, I am amazed at some of these advances in technology, which continue of course during this downturn. Sooner or later this tech downturn has to end, and with products like this coming to market at these prices, I don't think it will be long - for the consumer side at least.

John