Monday, May 17, 2004

The nascent global recovery is taking repeated beatings from those who think there is far less than meets the eye in Japan's recovery. On Monday the Nikkei was down over 3%; watch the wave.

P.S.: Don't let the financial press tell you today's US sell-off is in response to oil jitters provoked by the assassination of IGC chief Salim. Tokyo was tanking long before that. For once re the stock market, the General is actually arguing there really is a "there" there!

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