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To: Alex who wrote (9254)4/4/1998 3:55:00 PM
From: Bob Tate  Read Replies (1) | Respond to of 116762
 
<<On a longer-term basis, however, a softer outlook for Japan's ratings and economy may present difficulties for U.S. Treasuries, some traders said. It could spur Japan to create a stimulus package with teeth, something possibly funded in part by liquidation
if Treasuries. And it might pressure the Federal Reserve to refrain
from raising rates, potentially worsening the inflation outlook.>>
Just as I posted before there will be more fuel for DOW.
This will in turn push DOW to a guaranteed 10 000 mark and even bigger bubble. There may be further capital flight from Japan. Unless there is alternative for that investment capital (maybe gold) it will still push North American markets higher.
Tighten your belts S&P is over 1100 mark.