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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (22484)	3/1/1999 12:24:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

Think about the implications the growing US interest differentials have for Japanese debt issuance and monetization of bank loans. March's action in Nikkei could be interesting as the authorities have been striving mightily to exceed and hold the 14,000 level. Except for the last two trading sessions, I believe, Nikkei has usually rallied in last hour to highs of the day suggesting to me govt. intervention. In contrast, last night Nikkei fell 1% to 14,221.8, all of the drop occurring in last hour. Printing presses and off-balance-sheet transactions will be working extra hard in Japan in preparation for EOF year. JMHO. (Its amazing to me that reports coming out of Japan suggest authorities still believe they control bond yields.)

To: John Pitera who wrote (22484)	3/1/1999 6:39:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

that's old timer thinking. It ain't gonna work that way this time IMO. ALL dollar assets should sell off. Was it bullish for the Brazilian Rea'l when her bonds and stocks started selling off? Nope. And we have a trade DEFICIT. The fuindamentals are not in favor of the dollar. It will be sold when stocks begin their crash, and not until then. Keep in mind this past Summer, the dollar didn't break at all until the 500 point minicrash on Aug 30th, after that it BOMBED for 2 months. I am looking for the same.