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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (34598)	6/1/2003 4:36:50 PM
From: TobagoJack	Respond to of 74559

KyrosL, I think the Japanese frog can take the rising water temperature for a lot longer than most can imagine, as it has for more than a decade, which many cannot understand. I am as puzzled as any, but I remind myself that they have a lot of accumulated savings, and may be able to take the bleeding for much longer relentless duration of pain, even at negative real interest, non-positive savings, and positive tax increase rate. I bought some Japanese shares (Mitsubishi Estate, Mitsubishi Tokyo Finance, NTT Docomo) in November of 2003. They have gone down an aggregate 16% in Yen value, and down an aggregate 8% in USD value. I also have a Yen loan outstanding, with 1/3 of the proceeds still sitting in Yen cash, to be eventually committed to Japanese shares. It is tough deciding between Yen vs USD long/short, and less tough deciding which equity market to gamble in, long or short. The USD market has gold and NG plays, the Japanese market has a bunch of companies I have never heard of and a bunch more of exporters soon to be with less customers. Chugs, Jay