Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (39668)	2/12/1999 2:19:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

OK Sarmad, I kept an eye out for news -- but so far all I see are headlines about a sharp fall in Japanese bonds, which I take to mean a rise in yields, which I take to mean that the Japanese did what they do best in these situations -- nothing -- which I take to mean that we can expect more liquidation of Japanese positions in US markets -- which I take to mean a down market (although globex is just a bit off as I write this, so there is little indication yet of a sell-off). Conclusion? I still expect to see AMZN moving down along with the rest of the market, for the next week or more. I expect US bond yields to rise modestly, creating some asset allocations from stocks to bonds in the US. A re-established down move could take us down as far as you care to guess -- to the 200 day ma. To get there in a week??? -- we will see. By the way, I saw that you referenced the Japanese stock market -- I did not expect a big reaction in the Nikkei because they had priced in a no decision environment already.

To: Sarmad Y. Hermiz who wrote (39668)	2/12/1999 3:48:00 AM
From: GST	Read Replies (2) \| Respond to of 164684

Sarmad-- Friday February 12, 3:28 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) FX IN EUROPE -Yen makes nervous start ahead of BOJ LONDON, Feb 12 (Reuters) - The yen made a nervous start in Europe on Friday with currency markets edgy ahead of the outcome of the Bank of Japan's monetary policy board meeting. Japan's central bank has come under increasing pressure to stem rising long-term interest rates that could threaten a recovery in the country's fragile economy. Expectations are high that it will announce some steps to ease monetary conditions. However, dealers said there could be disappointment as the central bank has been resisting outside calls for it to take action, particularly to proposals to underwrite Japanese government bonds in an effort to drive yields lower. (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------