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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BigShoulders who wrote (17721)	3/15/1998 11:57:00 AM
From: Clarksterh	Read Replies (2) \| Respond to of 70976

BS - [The Nikkei has gone from 40000 to 17000 so ] I'm sure the Japanese feel like they have had a crash. Sure. I do not deny that the Japanese have had a market crash already, but that crash occured 7 or 8 years ago. The market has been more or less stable (if volitile) since then. Does the first crash preclude another one? My contention is that if they have a depression it will come with another market crash (either as cause or effect). Clark PS I am not sure that I buy the logic that they had a crash because our market went up. If the Korean market doubles this year, but we stay flat year over year, does that mean we had a crash. I don't think so. Absolutely none of the psychology is the same.