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Nikkei futures go nuts, reversing most of a 5% overnight plunge on word Japan's public pension...

Nikkei futures go nuts, reversing most of a 5% overnight plunge on word Japan's public pension fund is considering shifting to a more pro-equity stance. They're off just 0.4% at the moment. NKY -1% premarket.
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Comments (13)
  • al roman
    , contributor
    Comments (11236) | Send Message
     
    What a good night sleep can do.
    30 May 2013, 08:17 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1201) | Send Message
     
    those guys over there are winging it. hail mary!
    30 May 2013, 08:26 AM Reply Like
  • CraigPowell
    , contributor
    Comments (126) | Send Message
     
    As I said yesterday, it was a good day to buy dips:
    http://seekingalpha.co...
    30 May 2013, 08:36 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1201) | Send Message
     
    Craig, yesterday wasn't a dip, it was a gap closer. Big difference.
    30 May 2013, 09:15 AM Reply Like
  • wmateri
    , contributor
    Comments (564) | Send Message
     
    ... or for dips to buy?
    30 May 2013, 10:00 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    So if the pension fund is switching to stocks, who will buy all those JGBs?
    30 May 2013, 09:04 AM Reply Like
  • unliked1
    , contributor
    Comment (1) | Send Message
     
    somebody once said that the 'bull' markets die in euphoria;

     

    you can't make this stuff up
    30 May 2013, 09:15 AM Reply Like
  • davidshelton
    , contributor
    Comments (327) | Send Message
     
    goodbye pensions....
    30 May 2013, 11:11 AM Reply Like
  • Yorick
    , contributor
    Comments (591) | Send Message
     
    Then pensions are betting that QE never ends and good question above, who pray tell would touch a JGB with a 10 ft pole outside of the BOJ.
    30 May 2013, 11:29 AM Reply Like
  • willydo
    , contributor
    Comments (231) | Send Message
     
    Great move to invest pension funds in the Nikkei to fund the huge number of old folks in Japan. What could possibly go wrong?

     

    Willydo
    30 May 2013, 12:39 PM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    As pension funds exit JGB's, interest rates will rise...and the cost of the gov't debt servicing will tip the scales. This irrational exuberance is unbelievable!
    30 May 2013, 01:00 PM Reply Like
  • wmateri
    , contributor
    Comments (564) | Send Message
     
    They seem to be betting that equities will protect them from the (hyper-)inflation that will result from the devaluing Yen. Has that ever been a smart play? For the Japanese, it would seem investing in energy (oil, LNG or even uranium) would be a better longterm play.
    30 May 2013, 10:02 PM Reply Like
  • XRTrader
    , contributor
    Comments (610) | Send Message
     
    Why are people surprised at this? Is it better for the pension funds to buy JGBs? At least they can chose stocks with 3-4% divys and the possibility of capital appreciation....
    30 May 2013, 11:45 PM Reply Like
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