George; I think 25000+ in that time frame stretching it a bit.
Now I'm not some big money investor that can directly buy
Japanese Stocks by picking up the phone.
So here is the fly in the soup, at least for me. When I buy
Japanese stocks it's via a Mutual fund or CE Fund. I won't even
play the ADRs as I can't afford enough diversity, and if I wind
up with a bad ADR my loss in that area is to much.
Due to the above the exchange rate can hurt me.
So what if the if the Yen based Nikkei goes up on a falling yen,
My dollar based Fund or CE may not climb at all, in fact it could fall. The Nikkei is relative to their local Yen market, not a
Dollar based market that I have to use.
Track EWJ against the Nikkei, if you track EWJ/ YEN over time, while
it's not always attached at the hip with the YEN , it comes about
and water in time finds it's own level. In fact exploiting the
divergence of the WEBs against their currency's has been a
profitable play for me in the past to often to think it's
going to turn upside down.
There is no Korea WEB, but there are
some CEs, and they are at a discount right now. I like KIF.
If EWJ moves up a notch more with the YEN falling I will try to
short it.
Jim
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