Why Japanese Stocks Look Ready to Fly
A few weeks back, I caught a big move in Sony (SNE), and although I would like to think that my stock-picking skills are astute, there's actually more to the picture. The influence of the general market is great on all stocks, and the Japanese market looks to be making a significant turn here for the better. What makes me think this is the way the Japanese currency chart has sold off.FXY Monthly Investools View Chart » View in New Window »
Everyone knows that Japan is a nation of savers. The country has been able to withstand some 20-plus years of central-bank intervention and various bouts of quantitative easing as a result of that, for I am not sure who else would want its debt. It pays next to nothing and is pretty much worthless when you do the math. Japan has been stuck in a deflation spiral for decades now....497 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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