Japan Keeps it Samurai

The NIKKEI soared by more than 3.5% yesterday, which is causing a flurry of inflows into the Wisdom Tree ETF, DXJ. Once again, Wisdom Tree is publicly traded and their assets under management are now north of $21 billion. As the attractiveness of Japanese markets enhances, plebs are pouring into these ETFs, which will lead to great earnings per share at the parent company, WETF.

I see no reason why BLK, the owner of iShares, shouldn’t buy WETF and consolidate the businesses.

USG earnings were very good. The stock is down, but rest assured, business is on the incline. I am a buyer on dips.

WNC reported a good number too. Again, a buyer on dips.

The television box is trying to make a big deal over the flurry of recent deals. DELL went private, MUSA, VMED and APKT caught buyouts and the ipo market is waking up. Well, what else do you expect to happen when the market is at new highs? Let’s not be stupid and read more into this than need be. Deals will always get done. But there is always more deals in good times than bad. That’s human nature.

I like a lot of names right here. I am watching the homebuilders closely and would love to buy BZH back. However, I am about 94% invested and some of my stocks are “pausing” today. Whenever my stocks “pause”, I like to reserve cash for potential average downs.

Finally, I am long RS from the 40’s. This stock has been on a non-stop rip higher, spiraling higher today after announcing the purchase of MUSA. This makes no sense, but I will take it, nonetheless.