With the Turin Olympics and the World Cup coming, everyone knows that televisions are being sold by the truckload ... Windows (new operating system) Vista will debut in the later part of the year, so people will want to trade up their computers. It is not a bad situation at all.
The market was wrong. This year televisions are selling very well and people are upgrading their computers and cell phones, but everyone had been very bearish about electronics makers. That's what is being corrected now.
The days are gone when investors could easily flip stocks in the short term and make money.
If you look at these GDP figures, exports are really strong...so of course, investors are going for high-techs, autos and machinery stocks.
The consumer loan business has been regarded as a good source of revenues for major banks ... the problem is that we don't know how this issue will be resolved.
High-techs have been laggards for some time, so investors know that they can always snap them up ... If high techs don't get bought the Nikkei can't push higher.
No one expects interest rates to jump higher all of a sudden. They are more likely to rise slowly ... but once they do begin to creep up, it is true that will make things tougher for property firms, which borrow large amounts of money.
Presidential Quotes: Iconic Quotes from United States Presidents