Non-e question, but relevant I think.....
Didn't the Japanese close their books at the end of March? If so, I wonder what effect that had on the U.S. market during that time.
As we all know, COMPX went into a severe slide at the end of March, bouncing up (beginning April 4th)..My question: To what extent did Japanese investment flows play a role?Could the Japanese have been bringing money home (in droves) at end of March (contributing to COMPX slide), and then, after 12K+ was reached ("above water mark for mark-to-market stock holdings of banks"), in April, Japan inc. took money back out of those stocks, and put back into U.S. stocks....contributing to big bounce.
I say this, because Japan inc. has to mark-to-market again in September. Nikkei, last night, fell below 12k. If Japan, inc is in the 10-11k range in August, there will be another rally, with the Japan gvt. helping the banks, buying stock. Will they repatriate again? Could this affect COMPX and/or Dow in August/late August?
Hahahahahahahaha.....Galvin (who was so wrong last year) is raising his % stock in portfolio to 95% from 90%, and lowering cash from 10% to 5%.....
The bearish signs just keep piling up.... |
