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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (5908)	8/26/1998 8:38:00 PM
From: yard_man	Respond to of 9980

Bye, bye?

To: Rajiv who wrote (5908)	8/26/1998 8:50:00 PM
From: Tommaso	Respond to of 9980

Well, now it's back up some, apparently. It looks as if Japan is going to have to go through some great final flushing out of all the bad investments of the later 1980s--or else languish in limbo for another 5-10 years. In the U.S. we seem to prefer to let the floodgates open and wash all the trash away every so often. I wish all these global maladjustments could get straightened out. The Japanese sure taught us all how to make excellent automobiles and the Russians have immense amounts of oil.

To: Rajiv who wrote (5908)	8/26/1998 9:03:00 PM
From: don pagach	Read Replies (1) \| Respond to of 9980

Rajiv and all, The last time the nikkei went below 15,000 there was some discussion on the thread that 14,000 was a critical level. I am wondering if someone could shed some light on this: Is 14,000 important from a technical viewpoint or if I remember correctly there was some belief that bank's portfolio would be written down to a critical level at 14,000 which would close out Japan. As for Krugman's point about technology-hasn't he seen Armagaddeon? Heck we can land on meteors now!! Thanks