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

To: EL KABONG!!! who wrote (50045)	5/16/2004 5:36:46 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

Hi Kerry, A powerful local trend can be more important than a global trend. I remember a few decades ago when the Japanese stock market was taking off, it was quite unsynchronized with the movements in the US economy and stock market. There were millions, maybe tens of millions of Japanese young people, migrating away from their agricultural home towns to factory jobs in the cities. Their love of details and perfection and great discipline gave the Japanese companies for which they worked a competitive edge in the world. Today there is a somewhat similar phenomenon in China. I think that local trend might very well outweigh the troubles in the US economy. There is also the expansion of the Euro trading area. There's no mass movement of highly motivated, lovers of detail from the villages to the cities in Europe but the growth of pan-Europe enterprises is a strong local trend that may partially overcome global influences such as the future decline of US purchases of global goods and services. It takes a long time to completely Europeanize Europe. It is evolving away from,not speeding away from being a collection of totally independent trading units. The share of the world economy that is the US economy has been shrinking since 1945 when it was maximal. Just one argument for retaining SOME promising shares somewhere.