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.
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Showing posts with label The Japanese Stock Market. Show all posts
Showing posts with label The Japanese Stock Market. Show all posts
Thursday, October 31, 2013
Thursday, June 13, 2013
Marc Faber : The Japanese Stock Market would go ballistic as soon as the government weakened the yen
What do you own with enthusiasm?
Marc Faber : 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 Barron's
Marc Faber : 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 Barron's
Labels:Marc Faber Dr. Doom
The Japanese Stock Market
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