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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (46236)	6/18/1998 3:14:00 AM
From: WBendus	Respond to of 58727

This is what I've been waiting for. Tax cuts, "big-bang" and currency intervention should do it. Not to mention that S. Korea is only looking for 150 yen in order to get their house back together. biz.yahoo.com Thursday June 18, 2:50 am Eastern Time Japan mulls permanent income tax cut move--paper TOKYO, June 18 (Reuters) - The government and the ruling Liberal Democratic Party (LDP) will consider announcing permanent income tax cuts before the July 12 elections for the Upper House of parliament, a Japanese newspaper said on Thursday. ..... biz.yahoo.com Thursday June 18, 2:20 am Eastern Time Bank of Korea sees about four pct GDP contraction SEOUL, June 18 (Reuters) - South Korea's economic slump will continue through the rest of this year, with the economic growth for all of 1998 seen at around minus four percent, a senior central bank official told Reuters on Thursday. ..... ''We hope an upturn (of the economy) starts after the middle of next year,'' Lee said, without giving a growth forecast for calendar 1999. ''If the yen further declines to around 160 (to the dollar) then we will have very much difficulty in stabilising our economy,'' Lee said. ''But if the (yen/dollar) remains under 150 then we can keep our exchange rate at the same level as now.'' Should be able to sustain this rally we started yesterday. I think once we get through options and futures expiration, a more calmed tradding pattern will resume. I believe most likely back to 9150 on the DOW. Wayde.