Well... Look at this:
finance.yahoo.com^NDX
finance.yahoo.com^NDX
finance.yahoo.com
finance.yahoo.com^SPX
How long will they watch their nikkei outperforming SP500 and Nasdaq (which was the case in the past 3 months), before they dump US investments in favor of Japanese? Or,
they could buy Japanese securities here, which would produce
the same effect. Then again, growth in Japan is 4$, higher than US 3%, and, perhaps, statistics in Japan is less "hedonic" than here.
I think Nikkei is pretty close to the end of its bear market.
finance.yahoo.com^N225&t=3m&l=on&z=m&q=l&c=^SPX,^IXIC,^DJI
The current upturn started in May for Nikkei, and is
faster than all US indices combined. Is it the low? I don't know... I think there may be another, final wave V for Nikkei, which corresponds to wave III for the US.
But stocks over there have pretty cheap valuations. Such as blue chip Hitachi selling for less than it's worth if you
want to break up the CO and sell its assets
finance.yahoo.com
Not so much in terms of earnings, as sales and book values. Earnings will recover if the country comes out of deflationary spiral. |
