Darrel Whitten

U.S. Markets in Early Recession Mode; Japan Already Discounting One

As Japan's small caps usually show sustained rallies at the beginning of economic recoveries, they could be dead in the water until the current storm passes even if the downside is now limited by break-up values.

Japan Investors Opposing Global Sentiment: Avoid Tech, Buy Material

Dear William;

"Materials" means basic materials stocks. As in the S&P "Materials" SPDR (ticker XLB), basic materials includes such industries as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. Apologies for the mis-spelling of Tokyo Electron, which has no ADR (American Depository Receipt), and thus no ticker was given.