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Subject:  Re: Japan It's Over Date:  3/10/2002  9:20 PM
Author:  jono202 Number:  3776 of 6186

The only reason they think that is based on the hope of a falling yen - but, it is predicted that the US dollar will also fall at some time in the future.

You may be right Harmy but, The massive downtrend line in the Nikkei has been broken. You can clearly see a double base with the most recent rises closing above the base(range) highs, so from TA point it looks over & could well(depending on the correction of the latest move), be the begining of a new bull in Jap markets.

Until Japan writes its massive bank loans off and gets it's house in order (something it's failed to do so far) the economy will simply carry on the way it's been going for years - nowhere !!!

Well Harmy again you could be right but as is always the case the market leads the economy, in other words by the time the Japs fix the banking bad loans, the stockmarket will already have been in a bull move. I don't believe that the market will wait until that happens, I feel that the market is telling us that those problems will be fixed or at least it anticipates that those problems will be better going forward.

It just depends on you prespective, if you believe the stock market leads or if you believe that economic news leads, I'm well & truley in the market leads camp.


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