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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (65963)	9/14/2003 11:35:52 AM
From: Real Man	Respond to of 94695

Frankly, I'm not sure where to hide. I think they are trying to crash gold. In the past, when there were credit problems (M3 decline - that's what it is starting to do now! Even though the Fed is printing like crazy, the money velocity is grinding to a halt, because people get in trouble and don't pay. So Fed's printing goes to cancel bad debt), gold tanked.

To: William H Huebl who wrote (65963)	9/14/2003 12:38:28 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

Well... Look at this: finance.yahoo.com^NDX finance.yahoo.com^NDX finance.yahoo.com finance.yahoo.com^SPX How long will they watch their nikkei outperforming SP500 and Nasdaq (which was the case in the past 3 months), before they dump US investments in favor of Japanese? Or, they could buy Japanese securities here, which would produce the same effect. Then again, growth in Japan is 4$, higher than US 3%, and, perhaps, statistics in Japan is less "hedonic" than here. I think Nikkei is pretty close to the end of its bear market. finance.yahoo.com^N225&t=3m&l=on&z=m&q=l&c=^SPX,^IXIC,^DJI The current upturn started in May for Nikkei, and is faster than all US indices combined. Is it the low? I don't know... I think there may be another, final wave V for Nikkei, which corresponds to wave III for the US. But stocks over there have pretty cheap valuations. Such as blue chip Hitachi selling for less than it's worth if you want to break up the CO and sell its assets finance.yahoo.com Not so much in terms of earnings, as sales and book values. Earnings will recover if the country comes out of deflationary spiral.