Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (5927)	4/10/2002 1:19:41 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Tom, the odds and prior history of what's happened in Japan the past several years are in your favor. So it would be foolish to dismiss or make light of your read of the Nikkei chart. The Strength, wave structure and the big increase in the Monetary Base in Japan make me think that they may be doing something new here. I also have been influenced by Marc Faber's views on Japan. He's talked about how the market could have a 40% rally for a few reasons. It will be interesting to watch. Interestingly Japanese long rates look to have bottomed last July. ....more on that .. John

To: Jorj X Mckie who wrote (5927)	4/11/2002 7:12:44 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

China had some strong numbers yesterday.... While recent weakness in the Mexican peso has not been particularly convincing, we continue to focus on the downtrend in productivity growth that has forced a headline exodus of multinationals to China. Of interest, industrial production in China rose 10.9% year on year in the first quarter, up 2.4% from the fourth quarter. Perhaps even more importantly, production from foreign funded and joint ventures rose 10.5% year on year, up almost a half a percent from the fourth quarter. Not surprisingly, this dynamic highlights China's heightened emergence as a global production powerhouse via its low-cost base. CHINA NEWS China registered a trade surplus of $7.26 billion in the first three months of 2002, the Xinhua news agency said on Thursday. Following are comparative Chinese trade figures for the first three months of 2002 and for March alone (in billions of U.S. dollars): Q1 Q1 2002 March March 2002 yr/yr pct change yr/yr pct change Exports 64.66 + 9.9 23.82 + 3.4 Imports 57.40 + 5.2 22.51 + 8.5 Balance 7.26 +53.5 1.31 -44.7