Asif Suria

Nomura's Individual Investor Survey for August: Caution Prevails

The following sentence makes no sense,

<i>"...individua... investors remain mostly optimistic with 80.7% out of 1,000 respondents expecting the Nikkei 225 to rise over the next three months. Overall, Nomura seems to think the results show Japanese investors remain rather cautious... "</i>

until you get to this breakdown,

<i>"Nomura gauges responses in 1,000 point N225 increments and of those expecting a rise, 37.8% responded for +1,000, 33.3% for +2,000, 6.9% for +3,000 and 2.7% for &gt;+3,000."</i...

I wonder if all this caution is a contrarian buy indicator. However like Enzio suggests, there may be gloom ahead and I am content watching from the sidelines as far as the Japanese market is concerned.