Look at these Japanese banks, swinging around like solar stocks.
NMR +8%
MTU +7.5%
MFG +8%
IX +8.1%
I don’t have any firm opinions on the markets or Japan. However, I think it’s fair to say “the powers that be” deserve the benefit of the doubt. They’re innocent before being proven to be guilty as sin. Markets have been good and we should assume they will continue to appreciate. The worldwide policy is to forget or abandon rebuilding the economies, in exchange for inflating asset prices. This means anyone with debt is screwed, or anyone who is trying to “make it”. It also means that if you have assets and have “made it” already, you are in the captain’s seat.
Enjoy.
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I think the last three sentences say it all.