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To: ild who wrote (157584)	3/28/2002 5:38:54 PM
From: patron_anejo_por_favor	Respond to of 436258

<<I see many bulls and bears on SI shorting EWJ and very few are shorting SP500. I'm amazed that there is a consensus that Nikkei is hugely overpriced (no risk to short, like taking a candy from a baby) and bloated SP500 is fairly priced.>> I'm not one of 'em...I'm short the SPX (through RYURX), and have not (yet) shorted the EWJ...the Nikkei HAS had an enormous run up that appears to be the result of mark-to-market manipulation. While I agree they are MUCH closer to THE bottom than the US, it still looks ripe for a trade, IMVHO.