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The positive certificates quoted in the leading article, switched on decrease in interest rates in the United States and in the several European countries, indirectly confirming that economy of these states will catastrophically not be slowed down and consequently will continue to show demand for the goods from Asia. Among possible dangers in AsiaWeek are specified the Brazilian crisis which "will rigidly check confidence of the USA and of Europe", unhealthy economy of Russia and nervousness concerning potential losses of hedge funds of type Long-Term Capital Management.

It is necessary to wait, whether there was that article premature or timely. But as soon as such optimistic signs start to appear, they become a part of market psychology. As soon as the market will believe that recover on the way, the patient becomes at once healthy.

In investment, as well as in human health, the relation a part of process of treatment. Doctors can confirm that the positive relation of the patient improves chances of recover. The same occurs to the markets. If the collective market psychology is assured that the worst already behind, capital outflow will stop or will at least be slowed down, investors leave catalepsy, and the markets again will start to grow.

On global economic horizon introduction "the euro", new currency which will be accepted approximately by twelve European nations. In due course it can lead to the Pan-European market on which everything will be unified, from tariffs to the prices. The following call is connected with a problem of 2000 (Y2K). Pessimists predict that computers worldwide will fail, because in their systems possibility of management is not put by the dates which year terminates on "00". It can hurt all systems, including bank, systems of an electrical supply and the control over an air traffic. However optimists believe that problem Y2K will not have wide consequences. Problems will be localised, and it will not affect business. If this problem of year appears not hurricane, and only a hiccups good news to a warming up of the proceeding bull market will be more.

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