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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 (926)	4/21/1998 8:44:00 PM
From: ahhaha	Read Replies (3) \| Respond to of 3902

Since 1980 the world has been in disinflation. As I speak it is going into re-inflation. The forces that are at work have almost nothing to do with what is trotted in front of the media by all manner of experts. In Japan it's especially humorous. You would think they don't even know what the problem is. Their problem is that they believe they have a problem and it will be the move to address the fictitious problem that creates a real problem: inflation. The worst thing they could do would be to follow the dictates of the West and inflate. To solve the nominal problem they just need to invoke Voodoo Economics. Cut the top brackets. Now we all know how much that failed here. It created too much prosperity and brought about complacency. Time to go back to good old demand management, inflation, and structural recession. The FED failed to add reserves today. They know what I said in my previous post is all too true. Let me tell you who doesn't see it that way. East Coast economists, Wall Streeters, the public, most university financial professors. They have been well-trained for 20 years. The old guard is pretty much long gone. You won't find Milton around these days. If the FED persists like they ought, the DOW is going to get whacked. The dough will roll into the NIKKEI. You are within hours of a terrific upside breakout in the NIKKEI. So the answer to your question is the dollar is cutting through the major uptrend.