Seeking Alpha

Some color and context from Nomura's highly publicized Nikkei 18K call: The bank's strategists...

Some color and context from Nomura's highly publicized Nikkei 18K call: The bank's strategists "do not brush off recent stock market turmoil lightly" and note that a close below Nikkei 12,362 may be particularly significant. The bank's forecast is based on the idea that earnings are recovering and global P/Es are expanding. Japanese stocks (EWJ, DXJ) are "once again trading at lower P/E ratios than U.S. stocks," the bank notes, adding that "if the average P/E ratio of U.S. stocks rises to 16x around H2 … Japanese stocks' P/E ratio could rise to 17x."
Comments (2)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Trading the Nikkei225 futures (the NkD) last week, especially Thurs. night, one got some wild and crazy action - "calm" from the steady gains off the H'rath suitery, then: "ka'thwomp" which saw a $3k+ price decline on a single contract. He he. Perhaps Nomura is underwater. Their target may hold up though given the froth left to swell. Watching USDJPY 93 level.
    15 Jun 2013, 03:22 PM Reply Like
  • ggillin
    , contributor
    Comments (39) | Send Message
     
    16 X - 17 X -

     

    Why oh why am I getting these nose bleeds?
    oh,oh, I think I know why.
    15 Jun 2013, 10:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector