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The rally in Japanese equities is just getting started, Morgan Creek's Mark Yusko told a Grant's...

The rally in Japanese equities is just getting started, Morgan Creek's Mark Yusko told a Grant's conference last week. Stocks there remain cheap by any number of metrics and, a bonus, companies have dealt with persistent deflation by relentlessly slashing costs - meaning strong profits on any incremental business. All that's needed is a little growth and "Abenomics" should cure that. DXJ +27.5% YTD.
Comments (3)
  • Kyle Bass says people who buy Japanese equities are "picking up dimes in front of a bulldozer". Well, I plan to pick up as many dimes as I can before jumping out of the way. I have enough leeway to sustain a few scratches while jumping, if needed.
    22 Apr 2013, 02:58 PM Reply Like
  • Maybe it has already gone far...YTD and even just a tad prior to then seems a great deal already...not 27% but more like 70%.

     

    Checking any chart, going from 32 to over 46 or even 47, is more like 68-69% gain, in four months. Surely that's a bit far, even for the EWJ. Am I missing something?

     

    How far can the entire EWJ underlying market go from here?
    22 Apr 2013, 07:20 PM Reply Like
  • Correcting my error, I was looking at DXJ, which has moved 70%, not EWJ, which has indeed moved 27%. My error.
    22 Apr 2013, 10:27 PM Reply Like
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