Is the Nikkei’s Run of Material Out-Performance vs. Other Global Indices Over or is There More Remaining?
The ratio of the DJ World Stock Index vs. Nikkei is plotted below. It was this ratio, among other things, which helped get us very bullish on the index from an execution standpoint, in 2012, in our humble opinion, well…...
Attractive Long Opportunities in this Industry Group
I favor some financial services / asset managers based on the bullish looking charts below. LM and SCHW appear the most bullish and as if they have broken out into areas that portend materially more upside. Broadly speaking, given the…...
Thoughts on the Nikkei in Real Terms
We’ve had some commentary recently about looking at the Nikkei in real terms. By real we meant taking the nominal value of the Nikkei and dividing by 10 Yr UST yields as a proxy for CPI. 10 Yr UST yields…...