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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 (1003)	5/17/1998 10:47:00 PM
From: chirodoc	Read Replies (1) \| Respond to of 3902

<<<<<I rather bet on Japan's Hoshimoto step down after election. ...that might signal the start of the next bull market....if he is gone. otherwise, it will take another 3-6 months for asia and japan to begin stabilizing. curtis

To: borb who wrote (1003)	5/18/1998 9:16:00 AM
From: chirodoc	Respond to of 3902

Wake-Up Call: Stocks Cued to Head Lower By Justin Lahart Senior Markets Reporter 5/18/98 8:20 AM ET All that was wrong on Wall Street on Friday remains in place today. Jitters about the Federal Open Market Committee meeting (however unfounded) remain. Indonesia is persistently putting the Asian economic crisis back on the front page. Overseas markets are down. And there's more. Tech investors will be focused on Microsoft (MSFT:Nasdaq) on the news that the software giant's settlement talks with the government collapsed. The Justice Department and 20 state attorneys general who may or may not be seeking higher office are expected to file a number of antitrust lawsuits against the Redmond gorilla. At 8:10 a.m. EDT, the S&P 500 futures were off 3.00, indicating a negative open. The 30-year Treasury bond was up 1/32 at 102 7/32, leaving the yield at 5.96%. After an early drop, Tokyo stocks bounced higher in trading dominated by short covering in the futures market and active pension-fund buying. But another drop in the benchmark 10-year bond -- its yield slipped to 1.270% -- and the yen weakening against the dollar to 135.62 underscore the persistent pessimism over Japan's ability to recover in anything like a timely manner. The Nikkei climbed 141.61 to 15,384.47. Indonesia remains the focus of the Southeast Asian stock markets, most of which were lower. Indonesia's parliament is meeting, and it appears that President Suharto's departure is imminent. The rules of succession in Jakarta are unclear, and with the possibility of more unrest, the nervousness on other Asian bourses is understandable. Traders worry that investors will sell Asian stocks