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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (3291)	3/12/2003 4:34:07 PM
From: Crossy	Read Replies (1) \| Respond to of 3902

Borb, this "market stabilization" plan is the worst kind of intervention. No one can win against the market. Goverment's role is not to "stabilize" stocks but to set the right environment with regard to fiscal and monetary policy. Everything else, all "shortcut" that buerocrats might dream up is the same old interventionist bull$hit that I really got tired of. Japan's elite would be better off to reduce CORPORATE TAX PERMANENTLY instead of "supplementary spending" and "market stabilization plans". Maybe the folks will wise up ultimately. Otherwise their agony would continue... rgrds CROSSY