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To: Ken Katz who wrote (293)	2/22/1999 1:21:00 AM
From: Stuart C Hall	Respond to of 54805

I am getting very concern looking at Japanese stockmarket. 10 years of straight decline -- not very optimistic pattern for the long-term guaranteed growth theories. What if the US stockmarket is at the beginning of such development? We are not talking 1930s -- it's happening right now with the second largest stockmarket in the world. Ken, check out The Roaring 2000's by Harry Dent. Lots of historical data that fits current trends and is also used to predict future trends. (ie. USA booms until 2009 when we will decline and Japan will rise again) It's all based on generational data.

To: Ken Katz who wrote (293)	2/22/1999 1:54:00 AM
From: Uncle Frank	Respond to of 54805

>>I am getting very concern looking at Japanese stockmarket. 10 years of straight decline -- What if the US stockmarket is at the beginning of such development? Ken, Terrible thoughts to go to sleep on. There are a lot of differences between the US and the Japanese markets and economies. There is blatant manipulation over there - have you read the news stories about the deals uncovered between the Yakuza (Japanese Mafia) and a couple of their biggest brokerage houses? We have a much better regulated system in the USA. And despite the Nikkei problems, the Japanese have lived well over those 10 years, and if it happens here, we will find a way to do so, too. There is an expression in Japanese - shitaka genai, that translates to don't worry about things you can't change. Loosely interpreted, it's their equivalent of s@%# happens. Oyasumi nasai, Ken san, Frank

To: Ken Katz who wrote (293)	2/22/1999 9:25:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Ken, There are some valid comparisons to be made between the U. S. and Japanese stock markets, but very few. The main problem with the Japanese stock market is that it is a part of a financial system that is by design a boom or bust system. In the 70's is was a boom and it's no surprise that it went bust. The businesses invest heavily in their customers and suppliers. They also invest in their banks. The banks invest heavily in both. When one does well, they all do well. When one does poorly, they all do poorly. Right now they're doing poorly because the businesses are doing poorly and the banks have their loans essentially collaterilized in the stocks of the businesses. Crazy but true. Add to all of that the corruption in the political system that affects the financial markets and you've got a Japanese public that is finally catching on that there's nothing to feel secure about. No wonder the stock prices in Japan are what they are. We've got a president who can't keep his pants on in the Oval Office, but believe it or not, it can get worse! --Mike Buckley