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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: borb who wrote (1757)3/11/1999 1:57:00 PM
From: Professor Dotcomm  Read Replies (1) | Respond to of 3902
 
Borb:

I am more optimistic than you for the Nikkei and more pessimistic than you for the Yen.

My own instincts are groping towards 19-20k for the Nikkei by June of next year with the Yen rate climbing slowly towards 135-140 by that time. I still feel that, although the market was galvanized by internationals downsizing etc, the real indicator will have to be given by the Japanese domestic stocks like Alps, Kokusai and even Jaccs. Also perhaps by the awakening of slumbering dogs like Heiwa Real Estate and Kajima.

Trouble is that it is very difficult to choose vehicles that reflect this bias towards domestics. Most of the mutuals are full to the gunwales with the likes of the banks, Sony, Toshiba, Honda etc etc.

Dotcomm