Monday, January 13, 2014

A Weak Yen Could Be A Trigger For Japanese Equities

The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4 percent now. The market was at 6000 in 2007, and today we are down to around 2000.

Clearly, the market has already discounted a lot of bad news and if a junk country like Greece could rally from the lows of 65 percent, we can expect a trading rally in China of 20-30 percent over the next 4 or 5 months.

Additionally, the Japanese Yen has begun to weaken and that should be a positive trigger for Japanese equities. - in Economic Times

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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