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

To: MikeM54321 who wrote (8235)	3/8/1999 4:44:00 PM
From: Bosco	Respond to of 9980

Hi Mike & all, Mike, sorry to borrow your quote as the launch pad, but you sez, "Wish life was so simple." well, even the esteemed Prof Paul Krugman has acknowledged, on the NewsHour show last Fri, pbs.org that the psychology of self-fulfilling prophecy [even though I am econometric challenged, I believe 'expectation' is a component of most models, but this goes beyond 'expectation' to the point of "if you build it, they will come..." <vbg>] In that sense, life can be that simple... not unlike the internut stocks, with enough nuts to believe in them, the stocks can outperform anything. And some can even make it for real by using their hugely expensive but low cost currency [share price] to buy some real cos. To take a quantum leap [of faith,] despite the cancerous banking sector in Japan, it is still a hugely profitable country with great products, it is a matter of getting the groove back by believing the little train still can! best, Bosco

To: MikeM54321 who wrote (8235)	3/8/1999 8:13:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 9980

Mike, the problem with these headlines is just that, headlines with no substance. Unfortunately, one of the best Japanese sites, Nikkei Net, just went fee and I am too cheap to pay. Let us go back to the problems haunting Japan, in no particular order: Banks - what has changed? Under funded pension plans - what has changed? Corporate earnings - going down or up? Trade - surplus going up because of lessor export but even less import. In fact, just go through all the items that made news in the last few years and try to figure out what has changed? While I have heard various opinions about how Japan had hit bottom, I have yet to see any credible quantitative analysis supporting same. I still think the yen is the best signal for recovery and the current level is too high. Just my 2 cents. Ramsey