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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: tekgk who wrote (14917)3/17/1998 1:27:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 18056
 
Tek, as always, my turnips might be dead wrong, but the Nikkei really looks artificially supported here, and in face of an impending recession in Japan (if not already there) and the exhaustion of the Postal Savings by April 1st, it could be sooner. I agree that rationality is not exactly the best tool here. I think that I also differ in another aspect with your scenario. The vertical Tulip Mania, invariably results in a protracted decline, and I am not sure that this leg is the last. If Japan finally comes to its sense and prevent a world wide recession (and a depression in its part of the woods), then i think that the secular bull market could resume post a serious "correction".

Zeev



To: tekgk who wrote (14917)3/17/1998 9:34:00 PM
From: Investor2  Read Replies (1) | Respond to of 18056
 
Re: "I give the market more time and higher levels than you do. I give it another 5-6 weeks with a high of 9500-9600 on the DJIA."

Your previous "prediction" of ~10,200 on the DJIA (based on the record valuation of the Nikkei in 1990??) passed my feel-right test. Do you remember our discussion on that subject? It doesn't sound so far-fetched now, does it?

Best wishes,

I2


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