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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (62302)3/25/2002 12:52:00 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Japan Stocks Fall for Third Day as Sony, Exporters Lead Decline
By Michael Tsang

quote.bloomberg.com

Tokyo, March 25 (Bloomberg) -- Japanese stocks fell for a third day, led by Sony Corp. and other exporters, on concern U.S. interest rates may rise, curbing demand from Japan's biggest trading partner.

Fujitsu Ltd. and other network equipment makers declined after Moody's Investors Service cut Lucent Technologies Inc.'s debt ratings, raising concern orders may not rebound soon.

The Nikkei 225 stock average lost 132.29, or 1.2 percent, to 11,212.79. The Topix shed 7.68, or 0.7 percent, to 1068.95. Computer-related companies as a group were the biggest decliners.

``With demand still weak, there are concerns a Fed rate hike could damp sentiment on U.S. spending,'' said Sadaharu Nagumo, who helps manage 800 billion yen ($6.2 billion) in Japanese equities for Japan Investment Trust Management Co.

Nagumo said he keeps his stake in computer-related companies in line with the Topix's 17.5 percent weighting.



To: StanX Long who wrote (62302)3/25/2002 1:03:32 AM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Stan, good you're back. :) Here's what to expect - from TSC:

>The average 12-month advance of the Dow after a surprise attack on U.S. interests that leads to war is 13.6%, and the average advance after 18 months is 31%. If 104 years of history continue to support the market, then the Dow industrials would theoretically advance to around 12,486 by this time next year -- an 18% advance from current levels.<[snip]

thestreet.com

The article shows how the most widely held stocks are doing in 2002.

G.