Thursday, October 31, 2013

I figured The Japanese Stock Market would go ballistic as soon as the Government weakened the Yen

I figured the Japanese stock market would go ballistic as soon as the government weakened the yen, and that's what happened. Since the Oct. 15 low, the market is up more than 70% in yen terms and 35% in dollars—before the recent correction, that is. I bought brokers such as Nomura [NMR], which has more than doubled in price. The Japanese market is correcting now, and the yen might rebound somewhat. But whereas the U.S. is near a long-term top, Japanese stocks made a generational low in 2012 and won't go below that.

I also own some Japanese REITs, including Premier Investment [8956. Japan] and Activia Properties [3279.Japan]. I especially like NTT DoCoMo [DCM], the mobile-telecom company, because the stock hasn't moved much and it pays a high dividend.  - in a recent Barron's interview


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

2 comments:

  1. what a pity it was not figured gold would decline 35% too in the same time. And the S&P did not crash 20% from 1500. How much right of wrong over 36 months?

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