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To: Bobby Yellin who wrote (17649)	9/5/1998 5:59:00 PM
From: Don Green	Read Replies (1) \| Respond to of 116764

Hey, you been wrong this long, no reason for you to change.

To: Bobby Yellin who wrote (17649)	9/5/1998 11:12:00 PM
From: goldsnow	Respond to of 116764

Bobby 10, 000 race is on...Nikkei "winning" over Dow ? Tokyo stocks seen under pressure 09:06 p.m Sep 05, 1998 Eastern By Andrew Morse TOKYO, Sept 6 (Reuters) - Tokyo stocks will face pressure this week amid concerns world equity markets may continue to slide, jeopardising the global economy, traders and analysts said. Worries that more of corporate Japan will report losses or revise earnings lower could also weigh on the fragile Nikkei 225 average. The benchmark index rose 0.9 percent or 127.28 points, to 14,042.91 -- much of it on reported price-support operations by public pension funds. After a brief recovery on Wall Street mid-week, world stock markets resumed sliding as Russia's economic crisis showed no signs of abating and Colombia devalued its currency. Slumping stock markets raised concern that overseas economies are slowing, robbing Japanese companies of their lucrative export markets. ''There is lingering concern over a rout of global equity markets,'' Kenji Karikomi, deputy general manager at Daiwa Securities Co. ''Sentiment remains bearish.'' Corporate Japan has also delivered its share of bad news to the markets, and analysts say this is likely to continue. Last week, Hitachi Ltd, Kawasaki Steel Corp and NKK Corp all announced they would post extraordinary losses. The situation was compounded on Thursday by news that Toa Steel Co, a subsidiary of NKK, would fold -- the largest failure in Japan's post-war history. ''There are no signs corporate Japan is going to pick up,'' said Martin Foster, senior analyst at Standard & Poor's MMS. The three announcements coming so close to each other weighed heavily on already-depressed sentiment, he added. Traders say that with many short positions still open ahead of Friday's special quotation -- the expiry of index options and futures -- September futures will get support as traders hunt opportunities to rollover their positions into the December contract. Traders will also keep tabs on a parliamentary debate on bills to stabilise Japan's rickety financial system. The discussion now shifts to an opposition package submitted on Friday. The sooner legislators act on the bills, the sooner the market can begin to breathe freely, traders said. Other factors that may influence stock trading this week: +Bank of Japan Policy Board holds regular Monetary Policy Meeting on Wednesday +Economic Planning Agency releases machinery orders for July at 2 p.m. JST (0500 GMT) Thursday +Bank of Japan releases monthly economic and financial report at 9:20 a.m. JST (0020 GMT) Friday +Economic Planning Agency to release April-June gross domestic product data at 3:30 p.m. JST (0430 GMT) Friday. Copyright 1998 Reuters Limited.