Posts Tagged ‘Japan’

Jean- Claude Trichet On Deficits

As I wrote yesterday: Can’t See The Forest For The Trees; the EU deficit and debt problems are far smaller than for the U.S., particular U.S. states, U.K. and Japan. Jean- Claude Trichet seems to agree. Bloomberg story: Trichet Struggles to Convince on Euro-Area Solidity. Still, Trichet said the “solidity” of the euro area “is […]

Can’t See The Forest For The Trees

The market looks like today is just an intro. The 1.085 level broken, and technicians say the next target is 1.035 (I don’t believe in that, but since a lot of investors looks at that…). Beside bad initial jobless claims (480.000 vs. 455.000 consensus and 470.000 consensus) the main theme is PIIGS (Portugal, Italy, Ireland, […]

Holiday Mood

Well, I it is safe to say that again markets rallied on no improved fundamentals and on light volume during holiday time. The most profitable companies have lagged during this run. Bloomberg link: Most Profitable CEOs Get Smallest Gains in S&P 500. Anything could happen, the rally could last…. Chinese Premier Wen Jiabao again reaffirmed […]

Searching For A New Theme

I feels like the markets are searching for a new theme. The signs of a U.S. dollar strength have scared off recent themes (falling dollar = rising risk assets). Combined with a Bank of America capital issuance and a desperate attempts of Citigroup and Wells Fargo to do the same have completely altered the investing […]

New Stimulus

After Germany (the U.S. is stimulating all the time), Japan announced some sort of stimulus. Telegraph story:  Japan unveils $80bn of direct spending in $274bn stimulus package. $80 is peanuts for a Japan size of economy. The monetary stimulus was also small. Looks like politicians are trying to convince people they are doing something. Yesterday’s […]

Monthly Strategy – December 2009

I am starting a monthly strategy overview to have my strategy in one place and a to test accuracy of my views. Written revisions and accommodations would also contribute to my investment discipline. Equities I have been surprised by the market strength as the market rejected the Dubai turmoil as a correction catalyst. This has […]

Lowering Budget and Increasing Taxes?

As  reported yesterday, Japan’s machinery orders rose 10.5% vs. 4.1% consensus in September. Bloomberg story: Japan Machine Orders Rise More Than Expected; Recovery May Last. Off course it sparked optimism for the bulls. Today Japan’s October producer prices came out at -6.7% vs. 6% consensus. This was 10th month in a row with negative figure. […]

Crude Oil Day

Belisarius is annoyed with united horn blowing on dollar going further down and gold going further up. So annoyed it is on the brinks of placing a short gold and long dollar trade. I’ll cool down and think on that again. Such unified consensus always leads to opposite outcome. One of the reasons is (for […]

 

Get Adobe Flash player