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

To: synchro who wrote (852)	4/2/1998 4:16:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3902

The Nikkei index was below 15,000 a few months ago. In all likelihood it should retest it's lows possibly a couple times before it begins a sustained upward move. I won't argue that many stocks in our market are overvalued, but some are also undervalued. It is the Nikkei where people should be "buying the dips". Hahaahaa, in all liklyhood the Nikkei will test it pre recessionary lows of 11250. Many suckers will jump in at this 15,000 limit only to get burned from the Wall Street pundits you suggest that there is Value in a deflationary system that was fueled by corporate Cabals. And like the many mutual fund investors, chasing to few stocks due to exuberant US monetary cash inflow, which exports deflation to places like the Asian areas, the US Currency will take a few more months before the final Bang will ripple back to the North Americian markets. And the Dow gets to see it 6300 mark again as the USA is now importing product deflation now. {previosly they were importing commodity deflation (lower gold price/oil price) which eats into those sectors earnings} A prime example is the amount of liquidity that the US FED has added to the bonds during the last few weeks, while the Japanese government has surely been selling of there remaining bonds...