This page has been archived and commenting is disabled.
Guess How Much Japan's Stock Market Rose In January?
There is a rising roar of bulls stampeding to the Japanese stock market. Whether due to Abe's apparent "this time it's different" cratering of the JPY to aid exports (and avoid deflation) or just plain old momentum (as the Nikkei 225 is nominally up almost 8% in January). However, just a little reminder that this return is priced in those increasing worth-less JPY. For all those exuberant overseas investors eying the gains, the reality is that, in USD, Japan's stock market is almost perfectly unchanged since 12/28 - Currency Wars indeed...
Charts: Bloomberg
»
- 7995 reads
- Printer-friendly version
- Send to friend
- advertisements -
OT: Does anyone here trade mREITs? If so, have you seen the absolute headscratcher in terms of dislocations within this sector. Case in point: AGNC vs. MTGE. Same company, same strategy, just a technical difference really. MTGE has made new highs while AGNC is still in dead-beta prison
I gots me some NLY. The graph looks like the Rocky Mountains, Aspen to Denver unfortunately. Its not that bad though, with the hefty dividend I am probably around even. I can't predict what will happen since our buddy the ben bernanke is the central scrutinizer and determines the fate of nearly every market. Maybe not Bitcoin. Maybe.
Hey Midas, thanks for your reply. Ive stayed away from NLY as I never thought the management was up to par with Gary Kains over at AGNC and MTGE- i own them both nd IVR. I bought them both right after ex last quarter on the belief thata earnings in both companies will vindicate the management for not cutting the dividend, the idea that the buybacks were a success, and that they perhaps realized some comp. Income.
Heres what leaves me baffled, MTGE is way up, yet AGNC which is for all intents and purposes same management, strategy etc. Seems to be tracking NLY despite much lower cpr risk.
I cwnt believe the total dislocation within these sectos, some are way up like MTGE and IVR, some are middling like AGNC and some are in the dog house like NLY. As though there was a mountain of difference between their respective fundamentals...
Zero?.....I say zero....
Smoke and mirrors. See, all better.
Zimbabwe asking for contributions from the world so they can hold their rigged elections and distribute kickbacks.
Anyway, who cares about Japan? DOW 14,000 #WINNING baby!
There was an article on CNBC mobile this morning about South Korea and other Asian countries rapidly getting pissed off at the never ending money printing by the US, Europe, GB etc. And now Japan has put the pedal to the metal.
I love the smell of currency wars in the morning. It smells like victory.
Nobody is pissed. In synchronized diving EVERY central banker is a winner.
It is the people that use the currencies on a day to day basis that are the losers, and they we are too stupid to be pissed.
I hope the South Koreans DO start their front in the Currency Wars! That would only help our business in Peru. I agree with h_h, I am not pissed at all. If it helps our company, it's OK...
It's OK for gold too.
As unpopular as my recurrent remark is here at ZH, remember WE ELECTED (and so ENABLED the Fed) these politicians. No matter what "Sgt_Doom" and others may say, WE are at fault too. Put THAT in your pipe and smoke it.
I guess "sheeple" wasn't part of the lexicon in 1863 so the Rothschild brothers went with "the great body of people".
I released 1 Quadrillion Yen on the market and all I got was the "Unch" shirt.
"But thanks for playing." - Goldman
Maybe everyone's just making their money on volatility, keeping everything an uneven even.
It kinda looks like my E.R.A. over the course of college. Not sure you could really point to a "trend" at any given moment in time.
Reminds of the Kyle Bass interview this AM where he states that yeah, the market may be up but inflation is eating away at any gains. That silent killer (one of Ron Paul's great phrases) will hurt folks more than any change is SS percent or health care bamboozle.
They all hurt the folks. Inflation, payroll taxes, Obamacare taxes, taxes on capital (probably the best way to look at higher taxes on "the rich").
"Health Care Bamboozle", nice term! Not so nice what it brings.
I'm feeling wealthier already. So wealthy I'm going to add another AU eagle to the collection today.
good call....i'm going for a beer (strong) and a radioactive maple
your coin dealer takes EBTs?? this is the first of the month
I don't know. I'll have to ask them. I usually hang out at walmart on the 1St and wait for my EBT card to be loaded so I can stock up on ammo.
the gift that keeps on giving
Note to self: No Iron Condors on Nikkei this year...
cheap products AND the hottest looking women in the world! Nihon wa ichiban desu!
TORA TORA TORA!!!
and a culture that is convinced it will be the next Pompeii/Chernobyl/Aztecs/Dodos
Japan's women today make bull dyke man hating lesbos in the US look like Marilyn Monroe. Considering the average age over there is like 62, unless you have a granny fetish, you're pretty much screwed.
Cunt isn't a worse enough word for the new Japanese power woman.
So in other words, ADR, you can't get laid in Japan.
I thought everyone got laid in japan...
in pappy diapers; yes they sleep well
If somebody can prove that being radiated increases your sex potency by 40 times, we may see a lot of people heading for Fuku beach.
Shiny shushi and shinier pappy boomers.
don't hate the player...
Proving yet again that while you can make your stock market go up by devaluing your currency and flooding the markets with liquidiy - in the end you cannot 'make' wealth by doing so. Of course, if you take the proper actions, and let the right people know ahead of time, you can inflate your stock market, get out near the top, then stop devaluing your currency. It's been done before.
We are so full of the elixir of joyness,
We may as well be on smack.
Fuckers
Where is Kyle Bass? Nips rock.
Fuck the Japs , I drive a German car , drink Italian red wine and am drinking Miller draft as I write. I dont care how cheap their radioactive shit gets.
Shhhhhh!!! The GP won't notice if you don't tell them.
Sincerely,
Aevery C. Banquer
You could say the same thing about the Footsie and the Pound :
Footsie 100 up 7.82% since Jan 1 2013.
Pound/Euro down 6.56 since Jan 1 2013.