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Or you can now use TapaTalk again!Nikkei
- Thread starter biggdog1
- Start date
James48843
Well-known member
This really is unusual. Normally there are not bounces like this.
Birchtree
Well-known member
The manager likes to diddle with the price depending on the dollar and their mood - it'll all come back perhaps today boosting the I fund back to fair value. It's one of those idiosyncrasies designed to prevent trading abuse due to different closings - generally just a minor aggravation.
Sensei
Well-known member
Hullo. Para-f'ing-bolic.
RealMoneyIssues
Well-known member
ok, why?
Sensei
Well-known member
Maybe blow off top is the better description. Despite closing up 1.65%, it gave up 0.8% in the last half-hour (after I posted).
RealMoneyIssues
Well-known member
Does it have anything to do with BOJ messing with the Yen?
Sensei
Well-known member
Undoubtedly. Here's an article I read today about just that topic.
Why Japan Is Looking Good
Why Japan Is Looking Good - WSJ.com
Sensei
Well-known member
The Nikkei is up over 4% in the last two days. Weakening yen and optimisim over an upcoming election, which ought to see the LDP return to power.
Doesn't look like any of that optimism is spilling over into western markets.
Probably padding the I-fund from a little damage though.
clester
Well-known member
I noticed that too. Japan is 20% of the index I believe. Europe isn't helping. At least a little green yesterday for us. On the chart we do have one small gap below at about the 50 dma which may have to get filled before a good bounce.The Nikkei is up over 4% in the last two days. Weakening yen and optimisim over an upcoming election, which ought to see the LDP return to power.
Doesn't look like any of that optimism is spilling over into western markets. Probably padding the I-fund from a little damage though.
Frixxxx
Moderator
You got me thinking about the I fund composite (Japan - 21.6%) and I remembered (and verified) that it also has 2% in China. With the threats of "cracking down" on China, will this go forward in the fund or will it have to diversify somewhere else? Inquiring minds!
Sensei
Well-known member
Sorry, not sure what the actual return on the Nikkei was today - I see 3.66% in one place, then 1.43% in another. Whatever, they're both good gains. This index must be getting oversold. Not a leader really, but could spell trouble for the I fund's potential snap back rally.Last edited:
Sensei
Well-known member
The Nikkei has been going strong for quite some time now. The yen has been on the decline, and Japan has been anticipating the fall of the DPJ (think Democrats) and the return of the more fiscally conscious LDP (think Republicans). Tonight is the election, and the LDP is winning in a landslide. There will be a new Prime Minister (Shinzo Abe - previously PM). I wonder if there will be a sell the news effect this week. Could be something to look out for if you're in the I fund, especially since that fund has been the top fund for 3 months running. We shall see.
Warrenlm
Well-known member
With Japan stuckin a two-decade slump and receding behind China as the region's most important economic player, people appeared ready to turn back to the LDP, which led Japan for so many decades. To revive Japan's stagnant economy, Abe will likely push for increased public works spending and lobby for stronger moves by the central bank to break Japan out of its deflationary trap.
http://www.huffingtonpost.com/2012/12/16/japan-elections-2012-ldp-wins_n_2310527.htmlSimilar threads
