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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (537)	11/29/1997 12:45:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 3902

>>>>So, most people agree that 6 months from now will see Nikkei up and bull from that on. Only a matter of which month to start.>>> Following Credit to ALEX HOLOWESKO: The problems there, I don't think reflected in the prices. Japan still sells at a premium to America. With all the financial problems they have in Japan, why is the stock market there still selling higher in valuation terms than the U.S. So I think their problems are easily solvable. Financially they're incredibly strong. The Bank of Japan has almost the same amount of money as the Federal Reserve system, despite the fact the economy's only 1/2 the size. But I think prices still aren't cheap. I think they're going to solve their problems but you shouldn't pay 80 times earnings for stocks over there and you shouldn't pay 2 1/2 times book value if companies only return 3 percent on book. KANGAS: So the NIKKEI could go where, down as low as 12,000, 11,000. Anybody's guess I gather. Templeton Fund (excerpt from Flrida Comminity TV interview)