Not the time to get lost in bearishness

Current market conditions are negative, but with the market close to 20-year lows, much of this may already be reflected in stocks. Recent economic news has been mixed with industrial production below the lowest analyst forecast. Positive numbers include the Meti's All Industry Index, and machinery orders both being more than double consensus expectations. Exports are likely to fall as the dollar weakens and the US economy slows. However Japanese exports to China were up 32% year-on-year in 2002 making it Japan's second largest export market and largest import supplier. A capital-...