Late To The Party? After 203% Annualized Surge, Record Number Of Foreigners Buy Japanese Stocks

Tyler Durden's picture


While the following two charts speak for themselves, we challenge anyone (especially in light of existing positioning) to argue that the investing public is not a momentum-chasing, rear-view-mirror-driving, pack of lemmings...


Nikkei 225 performance...


Foreign Buying Of Japanese Stocks...


Charts: Bloomberg

Your rating: None

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Wed, 04/17/2013 - 20:19 | 3464185 lineskis
lineskis's picture

"Bulls make money, Bears make money, pigs get slaughtered."


Wed, 04/17/2013 - 20:35 | 3464227 Burt Gummer
Burt Gummer's picture

I don't care about Bulls, Bears OR pigs.

All I know is that I just re-invested my entire 401k into 10 year JGB's!


I expect them to be worthless in two ________.

Wed, 04/17/2013 - 20:40 | 3464239 ACP
ACP's picture

Well, the crash of '87 started in Asia, so...

Wed, 04/17/2013 - 20:31 | 3464186 EvlTheCat
EvlTheCat's picture

Please don't insult the poor lemmings, by comparing them with MoMo chasing zombies!

Wed, 04/17/2013 - 20:37 | 3464232 Stoploss
Stoploss's picture

I can't stop looking at the top chart.                          .       .



Wed, 04/17/2013 - 23:15 | 3464883 EvlTheCat
EvlTheCat's picture

For goodness sake don't look down!!!  I rode a roller coaster with rise like that once when I was a kid.  I vomited about 5 seconds into the drop. 

Wed, 04/17/2013 - 20:21 | 3464187 AlphaDawg
AlphaDawg's picture

some tard that got raped in the housing bubble and is in neg equity told me he just went long the jokes

Thu, 04/18/2013 - 07:39 | 3465574 bdc63
bdc63's picture

it's a basic law of nature ... a fool and his money are soon parted.  just smile and walk away.

Wed, 04/17/2013 - 20:22 | 3464192 FieldingMellish
FieldingMellish's picture

Waiting for the Goldman long Nikkei note in 3.. 2...

Wed, 04/17/2013 - 20:29 | 3464208 Lux Fiat
Lux Fiat's picture

It never gets old, and dumb money never learns.

Wed, 04/17/2013 - 20:30 | 3464210 Seasmoke
Seasmoke's picture

Dont be Tardy to the Party......

(i love my wife, but if i kill her, it will be for watching this fucking crap !!)

Wed, 04/17/2013 - 20:34 | 3464230 ghengis86
ghengis86's picture

I'm ashamed to know what you're talking about. Thankfully I ditched cable a couple years ago and she can only stream it on the computer. I make her wear headphones.

Wed, 04/17/2013 - 20:29 | 3464211 Dr. Engali
Dr. Engali's picture

There's a sucker born every minute.

P.T. Barnum.

Wed, 04/17/2013 - 20:35 | 3464231 ghengis86
ghengis86's picture

And two to take 'em

Wed, 04/17/2013 - 20:33 | 3464221 EmmittFitzhume
EmmittFitzhume's picture

You know that soap-like substance that kids use to blow bubbles?????

Wed, 04/17/2013 - 20:38 | 3464235 rp1
rp1's picture

These people are smart.  Japan has the new global reserve currency.  This is a REAL BULL MARKET.  You don't understand what is going on.

Buy GOOD Japanese companies if you like the price for the Yen.  You will lose money speculating.  Value investors only.  This is a GLOBAL RESET.

Wed, 04/17/2013 - 20:44 | 3464252 fonzannoon
fonzannoon's picture


"the Japanese people have voted to spend their savings."

all it took was 20 years of negative rates to force


Wed, 04/17/2013 - 21:44 | 3464468 rp1
rp1's picture

It took what it took, but you can't argue with the result.

Wed, 04/17/2013 - 21:47 | 3464476 fonzannoon
fonzannoon's picture

They are buying gold.

Wed, 04/17/2013 - 22:08 | 3464581 toys for tits
toys for tits's picture

And at record high prices as denominated in their currency... at least a few weeks ago.

Wed, 04/17/2013 - 20:51 | 3464284 DeadFred
DeadFred's picture

Copper knows the reset is here and is now. Watch to see if it bounces off the 50% retrace of the 2009-2011 rally (about 3.05/lb). If that support breaks the next comes in at about 2.25. I can't see any instances where a major drop in copper doesn't coincide with a major equities drop. The only better bearish indicator I've seen has been the huge number of ZH commentors about a week ago saying they give up and thought stocks will never go down. Have faith oh ye permabears of the world, the reset cometh!

Wed, 04/17/2013 - 22:42 | 3464739 Panafrican Funk...
Panafrican Funktron Robot's picture

Saving that fucking senseless document for posterity.  Holy shit.

Wed, 04/17/2013 - 20:40 | 3464238 patb
patb's picture

1) isn't the Yen falling against the dollar?

2) Isn't Japan one of the oldest societies worldwide?

3) Isn't the disaster in Fukushima still unwinding and trashing japan?

4) Isn't the population still spooling down?

Wed, 04/17/2013 - 21:16 | 3464365 Mine Is Bigger
Mine Is Bigger's picture

TES, YES, YES and YES!  Now, you know why it makes so much sense people are piling into Japanese stocks.

Wed, 04/17/2013 - 22:45 | 3464755 alphamentalist
alphamentalist's picture

Seen this movie soooo many times now. Boston betas spend about 5-10% of their time trash talking japan until these odd moments every couple of years (the one before this was right after the quake, which worked out smashingly) when they all decide that this time is different and then they spend the following weeks buying the same dumb betas that always get them in trouble, pushing price several percent a day, day after day, until the PM is less underweight. Then the shorts move in and hand them there asses. It is so predictable. Western mutual managers should not be allowed to buy Japan. They just don't get the joke.

Wed, 04/17/2013 - 22:46 | 3464766 Panafrican Funk...
Panafrican Funktron Robot's picture

"1) isn't the Yen falling against the dollar?"

That actually started reversing April 11th.  

Wed, 04/17/2013 - 20:43 | 3464250 tmosley
tmosley's picture

Do "foreigners" include "foreign central banks"?  Because I think that is probably what is going on.

Wed, 04/17/2013 - 20:51 | 3464270 Coopster
Coopster's picture

I think what's more interesting is the first chart against the value of the yen, they are almost an exact mirror of each other.

Wed, 04/17/2013 - 20:58 | 3464310 venturen
venturen's picture

Good thing China hasn't stolen all the manufacturing and they have lots of young workers to save themselves.

Wed, 04/17/2013 - 21:04 | 3464318 Van Halen
Van Halen's picture

Parabolic curve?

Wed, 04/17/2013 - 21:09 | 3464344 thismarketisrigged
thismarketisrigged's picture

nikkei will be under 12000 by end of may or before. book it.

Wed, 04/17/2013 - 21:15 | 3464353 Row Well Number 41
Row Well Number 41's picture

...the investing public is not a momentum-chasing, rear-view-mirror-driving, pack of lemmings...

I thought retail investors were the fuck outta Dogde.  If not, well then when they jump the shark they will be plucked from the sky like Air Jaws on a seal. 

Wish I didn't have to quit my job to get my money out of my 401K.


Wed, 04/17/2013 - 21:20 | 3464373 ThalesOfMiletus
ThalesOfMiletus's picture


Wed, 04/17/2013 - 21:26 | 3464393 orangedrinkandchips
orangedrinkandchips's picture

Check out the 5yr NKY chart....the drop off in 09 is the mirror image of the run up since Nov.


Human nature never changes......this will end badly as well.

Wed, 04/17/2013 - 22:10 | 3464592 CheapBastard
Wed, 04/17/2013 - 23:26 | 3464939 Kreditanstalt
Kreditanstalt's picture

So THAT'S why the yen is rising vs. the dollar and Euro...weird...

Thu, 04/18/2013 - 01:43 | 3465212 JamesBond
JamesBond's picture

'smart money' knows that markets go up within any QE environment; hence - the smart money is riding this rise in the Nikkei...

but ya got to know when to fold them   



Thu, 04/18/2013 - 05:55 | 3465433 Shooting Shark
Shooting Shark's picture

With stupidity like this, it is difficult to criticize those who feast on it.  As weakness is a provocation, so stupidity is an invitation.  Caveat Fatuus!

Thu, 04/18/2013 - 06:07 | 3465448 q99x2
q99x2's picture

Japan makes radioactive junk now too. They can't afford to upgrade machine tools. It is a sorry state when not even the king of junk, China, won't buy your products. Fuck Japan.

Thu, 04/18/2013 - 08:21 | 3465695 rustymason
rustymason's picture

If you want it, here it is, come and get it. Make your mind up fast. If you want it anytime, they can give it. But you better hurry cause it's going fast. Did I hear you say that there must be a catch? Will you walk away from a fool and his money? Sonny?

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