In 1989 Japan was known as the "Miracle" economy. Then it crashed, and it was thereafter known as the "Bubble economy" (Funny how things change). While I am becoming more and more a huge US bear, I am becoming heavily bias towards the Japan bull, along with some other Asia markets. Seeing the Japan market down over 75%, stagnate for decades and now starting to build up what might be its first new trend leg makes this a lot more attractive to me than the US markets that have been hyper parabolic over the last year ... and quite frankly, look a lot like this Japan did at the high. But we don't have to worry about that. We have the Fed - isn't it a miracle?
I'll update on this some time in the coming months. I currently have no position in Japan, but I'm very interested.
I'll update on this some time in the coming months. I currently have no position in Japan, but I'm very interested.
