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Dear Ron, I agree on some points: this is SI, not SS (silicon speculator). However, regarding the exporters, the weak yen is benefitting them mightily. Those that are going bankrupt are suffering from competitive pricing pressures, tighter margins and weak regional demand. This is especially true for companies involved in infrastructure development. Just check out Fletcher Challenge of N.Z.'s recent group results. Also, CAT and DE here in the US are finally showing the negative effects. Still, Japan's only way out of this mess is to export like mad, not just reform the banking system. Also, I assume that you are a very risk-tolerant investor if you put money in Asia, so you should expect volatility. I, too think HK and China stocks will be fine investments 5-to-10 years from now, but I'm not going to try to guess the bottom until real light is at the end of the tunnel, and I only see another train coming........ |
