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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (8463)	3/18/1999 10:28:00 PM
From: Casaubon	Respond to of 99985

IMO, declaration of Japans recovery is premature. They are just beginning a round of unemployment, which I believe will plunge their economy (further?) into depression. That will depress the value of the yen, which in turn will cause the chinese to devalue the yuan. Rising oil prices will also dampen Japanese recovery efforts. I don't know how bad things will sell off in the USA (I suspect the rest of the market will catch up to the fallen soldiers of last october, no worse), but I don't think the world is ready for a global bull market (too many weak links). So, I'm keeping the 401K in interest bearing instruments, and stay on top of the one stock I'm trying to wring so profits out of.

To: bobby beara who wrote (8463)	3/18/1999 10:35:00 PM
From: Les H	Respond to of 99985

Nikkei is only 100 points from 52-week high tonight. Up about 500 points after a 550 point drop yesterday. Of course, still only 40% of all-time high.