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

To: TobagoJack who wrote (44244)	1/4/2004 8:25:49 PM
From: 200ma	Read Replies (1) \| Respond to of 74559

Jay, any thoughts on Argentina's real estate and economic turnaround? I am holding IRS finance.yahoo.com as a play on real estate, I think you had mentioned IRS in a previous post exmed

To: TobagoJack who wrote (44244)	1/4/2004 10:33:11 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 74559

Asia stocks start the new calendar year off on with a decidedly bullish undertone... Where the East goes, the West will surely follow... 2004 may prove to be a year for being bullish on equities... Wait and see I guess... cbs.marketwatch.com Tokyo stocks jump in first day of 2004 By Allen Wan, CBS.MarketWatch.com Last Update: 10:06 PM ET Jan. 4, 2004 TOKYO (CBS.MW) -- Tokyo stocks ended higher Monday in an abbreviated first day of trade for 2004 on optimism over the Japanese economy amid expectations of continued gains for the benchmark index after a 23 percent rise last year. The Nikkei Average rose 148 points, or 1.4 percent, to 10,825.17. The broader Topix gained 15 points to 1,058. Most other Asian markets extended the new year rally with South Korea rising 0.1 percent, Taiwan jumping 1.2 percent and Shanghai surging 1 percent. Singapore was steady, while Australia eased 0.4 percent. The dollar, meanwhile, edged higher to 106.97 yen by noon from the late Friday New York level of 106.93 yen. On Wall Street Friday, stocks ended mixed as the Dow rose and the Nasdaq gained. In Japan, auto stocks soared on expectations of another record-breaking year of profits and sales for Japan's top companies like Toyota, Nissan and Honda. On Sunday, Honda unveiled plans at the North American International Auto Show to get into the truck business in a move that will further pressure the Big Three U.S. automakers in one of their key businesses. Rival Toyota, meanwhile, rolled out a concept pickup truck with an aggressive front-end. Read auto story. Toyota (TM: news, chart, profile) revved up 4.4 percent to 3,780 yen and Honda (HMC: news, chart, profile) accelerated 2.3 percent to 4,870 yen. Among key technology exporters, Canon (CAJ: news, chart, profile) rose 1 percent to 5,040 yen and Sony (SNE: news, chart, profile) climbed 1.9 percent to 3,780. Fujitsu (FJTSY: news, chart, profile) gained 2.1 percent to 645 yen and Toshiba (TOSHF: news, chart, profile) climbed 1.7 percent to 413 yen. Banking stocks were also firm, with Mizuho Financial (MZHOF: news, chart, profile) rising 1.5 percent to 330,000 yen and UFJ Holdings (UFJHF: news, chart, profile) gaining 2.1 percent to 526,000 yen. Analysts expect the Nikkei to extend gains this year after a 23-percent rise in 2003 on the back of a strengthening Japanese economy. A Nihon Keizai Shimbun poll of 55 fund managers and strategists forecasts the key index to rise as high as 13,000 by the middle of the year. Allen Wan is the Asia bureau chief for CBS MarketWatch, based in Tokyo. KJC