WHAT'S DOWN

INDEX 2002

DAX Frankfurt:-43,9%
AEX Amsterdam:-36,3%
CAC40 Paris:-33,7%
NASDAQ:-31,5%
IBEX35 Madrid:-28,1%
SMI Zurich:-27,8%
MIB30 Milan:-26%
FT100 London:-24,8%
NIKKEI Tokyo:-18,6%
HangSang Honk Kong:-18,6%
BOVESPA Sao Paulo:-17%
DOW JONES New York:-16,8%

WORST INDEX 2001

Nasdaq Europe:-65,4%
Nemax All Share:-54,8%
Hex Gen Helsinki:-34,0%
BVM Italy:-24,63%
Hang San Honk Kong:-24,6%
Nikkey Tokyo:-24,1%
Athens(Greece):-23,8%
Cac40 Paris:-22,5%Hystoric Maximum:6.944 on 4thSept 2.000
AEX Amsterdam:-20,9%Hystoric Maximum:703on 5th Sept.2.000
BVL LIsbona:-20,7%
Dax Frankfurt:-20,5%Hystoric Maximum:8.136on 7th March 2.000
Ftse London:-16,2%Hystoric Maximum:6.950on 30th Dec.1999
Ibex35 Madrid:-7,4%
Swiss Market Zurich-Historic Maximum:8.489 on 21st July 1998
Nasdaq-HIstoric Maximum: 5.132 on 10th March 2000
MIBTEL-Historic Maximum: 34.819 on 6th March 2.000
MIB30-Hystoric Maximum:51.093 on 6th March 2000

Stocks Signals

Very strong downround of Stocks Markets! On 9 Oct. 2002 USA stock markets have re-joint the bottom of November 1997 and on 24th Sept. also Eurepean ,even lower!The Middle East crises together with the Osama Bin Laden Terrorism is a good stop for markets,which are still fighting also with economies recovery.The Recovery of Euro against Usd, at this point,will only help , on my opinion, only the USA Industries,especially Pc industry and also all others export industries.It is the last, strong card played by the Chairman to help the recovery of American Industry, and ,joint to the fear of Terrositic attackcs from USA people is keeping American Turists within their country, instead of travelling around the world ,as they usually did.Europe will suffer also from this,since the lack of turists from overseas seems to be "touchable",BUT,since the Chairman was the FIRST to understand the difficulty at the beginning of 2001 in trying to search SOFT LAND of economies and stocks markets "bubble", while Europe didn't do anything....., the SPRING 2001, which always was a "SELLER on Stocks Markest".This semester, the USA has SOLD, while most European Markets were "BUYER".Therefore, to Europe the small satisfaction of recovering of EURO(but Useful to the U.S.A), but the LOSSES in Stocks Markets, defated of Economy and decrease in Investors Confidence.

On 4th June 2003 the European President BCE, decided to reduce at 2% the Interest rate....better later than never, on said, and the Financial markets continue a slow recovery..BUT, since the Alan Greenspan made this EARLIER, HE IS THE REAL WORLD FINANCIAL LEADER, HAVING ALSO, now, THE PRIORITY USE OF THE FAVOURABLE EXCHANGE RATE BETWEEN USD AND EURO TO FAVORIZE THE USA ECONOMIC RECOVERY AND IMPLEMENT EXPORT MARKETS.But for european union is not bad, because she lives ALWAYS ON THE STRIKES (?????) AND ON THE EFFORTS OF FEW(very good people!!!!!) to MAINTAIN THE INTERESTS AND THE INCOMES OF THE IPERPROTECTED (and often IPER CORRUPTED) majority of associated or political concerned.GOOD LOOK AND GOOD PROSECUTION