Wikinvest Wire
Sunday, September 09, 2007
Japan
Japan printed a negative GDP number a few minutes ago at -0.3 for the quarter. The Nikkei is down 2.7% a few minutes into the start of trading. From the recent peak on February 26 the Nikkei is down 14%.
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7 comments:
The Nikkei is down 14% in Japanese Yen terms but in dollar terms is down only 6%.
US has a housing bubble and to much associated house hold debt (mostly mortgages and second mortgages)
China has a stock market bubble forming rather nicely
Japan now has negative GDP
Many European countries economies are slowing.
Mean while people think I am crazy for saying sell everything in early July. This could get difficult, but I would not expect the sky to fall.
Still I do not find much to like right here but cash.
i just put this little comparative chart together on yahell of some major indices YTD.
http://finance.yahoo.com/charts#chart9:symbol=^dji;range=ytd;compare=^n225+^ftse+^gdaxi+^bvsp;charttype=line;crosshair=on;logscale=on;source=undefined
The nikkei (-6%) is the only one out of Dow, FTSE DAX etc that is firmly negative this year. The bovespa is still up 23% so far, and has bounced back from Aug 16th a country mile better than the big boys.
Is this a clear signal that commod-based countries are de-coupling from the finance mess?
Mark Turner
so rog baby...
you running away with your tail between your legs, or are you buying?
or are you just talking?
Is GLD a good bet if recession is around the corner?
My portfolio is taking a beating. I am about to say good bye to the equity markets for good.
A beating? We haven't even had a normal correction yet this year. (That's the market being down 10% from a peak)
If you can't stomach the market I would recommend a buy & hold portfolio from Fund Advise...
http://www.fundadvice.com/portfolio.html
(and only check it yearly)
Or maybe a GE interest holding...
http://www.geinterestplus.com/interestplus/
Or a Swiss annuity (relax, they are liquid)...
http://www.bfi-consulting.com/
FFRHX is currently giving over 7%, but it's holdings are mostly junk bonds.
Note: If the Fed starts to lower interest rates, CD's will be even more of a joke that they are now.
I would recommend either the Swiss annuity, or much better yet a low risk buy & hold portfolio as designed by Fund Advise and relax. What goes down must go up.
That is how that saying goes isn't it? Or is it the other way around??? :)
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