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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: big guy who wrote (1975)	3/6/2004 10:39:45 AM
From: crustyoldprospector	Read Replies (1) \| Respond to of 60929

Nikkei should rise for the same reason the S&P has been rising ... inflation. While the S&P looks toward new highs, in Euro terms, the S&P has gone nowhere the past 18 months, meaning the S&P rise has been wiped-out by the dollar drop: stockcharts.com[w,a]wallyyay[pf][vc60]&pref=G The Yen is falling and the Nikkei falling in Euro terms, too (though it can be argued that the Nikkei has broken out of its downtrend in the past 2 months): stockcharts.com[w,a]wallyyay[pf][vc60]&pref=G stockcharts.com[w,a]wallyyay[pf][vc60]&pref=G So, just like it happened in Argentina, stock markets are rising while currencies fall apart; we are witnessing the S&P and Nikkei rise while their respective currencies tumble. People feel it is better to hold stocks than cash that is constantly debasing. Once the Euro joins in the fiat printing party, the inflation will become apparent through the only remaining universal currency, which is gold, of course (though oil will be a close proxy so long as demand holds up). All IMVHO, crusty