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Thursday, June 13, 2013
Marc Faber : Since the November lows, the Japanese Market has outperformed just about everything
Marc Faber :
Since the November lows, the Japanese market is up over 70% in yen
terms and up 35% in dollar terms, so it has outperformed just about
everything. My sense is that whereas many markets like the U.S. are
closer to major highs, which may come this year, the Japanese markets,
after 23 years of bear markets, saw their historic lows at the end of
last year. The Japanese market was long overdue for a correction, which
is now underway, but I do not expect new lows. - in Goldseek