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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (6085)10/9/2002 11:05:48 PM
From: Petrol  Read Replies (1) | Respond to of 57110
 
What chapter would you say the average stockholder is in?

Chapter One

I walk down the street There is a deep hole in the sidewalk, I fall in I am lost...I am helpless It isn't my fault, It takes forever to find a way out.

Chapter Two

I walk down the same street There is a deep hole in the sidewalk, I pretend I don't see it. I fall in again I can't believe I am in the same place. But it isn't my fault. It still takes a long time to get out.

Chapter Three

I walk down the same street There is a deep hole in the sidewalk, I see it is there I still fall in...it's a habit My eyes are open I know where I am. It is my fault I get out immediately.

Chapter Four

I walk down the same street. There is a deep hole in the sidewalk, I walk around it.

Chapter Five

I walk down another street



To: Jorj X Mckie who wrote (6085)10/9/2002 11:16:29 PM
From: SmoothSail  Respond to of 57110
 
LOL - you are SO defiant!



To: Jorj X Mckie who wrote (6085)10/9/2002 11:35:57 PM
From: Techplayer  Read Replies (1) | Respond to of 57110
 
Speaking of Singapore, they just announced a "surprise" decline of 10% in economic growth. Meanwhile, unless the graphic was incorrect, the Japanese trade surplus missed by 8 trillion yen (1 versus 9) last month. the graphic was on Bloomberg. **edit, it looks like the real numbers are different: "Drawing support from exports, the current-account surplus, the broadest measure of trade in goods and services, widened by 48.9 percent to 1.080 trillion yen ($8.77 billion) -- slightly below market forecasts of 1.15 trillion yen." from forbes.com

Banking giant Mizuho Holdings sank 5.8 percent to 163,000 yen, helping to push the Nikkei fall 190.29 points, or 2.2 percent, to 8,349.05. On Wednesday, the index fell 2 percent to 8,539.34 -- its lowest close since June 10, 1983.

Intensified selling by foreign brokerage dampened market sentiment, creating a wave of broad-based selling. According to a Kyodo report, 12 foreign brokerages placed net sell orders for 23.7 million Japanese stocks overnight, making the 14th straight session of net selling.

Analysts said the recent slump in stock prices is creating a vicious cycle of selling, especially in banks and weak borrowers. Among such banks, UFJ Holdings (UFJHF: news, chart, profile) tumbled 8.6 percent to 160,000 yen on concerns over mounting equity losses due to stock market losses.

Exporters also lost ground after the broader U.S. markets tumbled to 5-year lows overnight.

Mariko Ando is a Tokyo-