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© 2013 AFPNikkei plunges 5.15% by close
By Kyoko Hasegawa TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2013 AFP
14 Comments
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some14some
plenty of profit-taking :) hope liquidity is not the problem !
calr751
guess the party is over...
JeffLee
guess the party is over...
It's up over 30 percent since the start of the year. Yeah, all over.
Serrano
"a stronger yen dragged on the market"
Idiots.
mr_jgb
Overshoot upside to 16,000 and overshoot downside to 13,500. It will range and likely resume uptrend.
Abenomics policies are actually very bullish for Nikkei for next 2 years. Do not underestimate doubling of money supply in 2 years; this is very huge liquidity injection and purchasing of assets by BOJ. Fiscal spending effects are good for a year. 3rd arrow if correctly crafted and shot can be a booster also for 1 to 2 years.
Not over yet although the 1st phase was too fast too quick. But has already corrected.
highball7
If the market does not rebound on Friday, all signs point to a double dip. I called this a week ago. You can just see the freight train coming. And we all know about how market reacts in June in a historical perspective. If a double dip occurs in the beginning of June, then the future is bleak at best.
Noliving
Agreed; 30% gain or even a 10% gain is a very good gain for the year.
I honestly would buying up Japanese stock right now after the 5% drop.
FizzBit
Does this 30% represent any solid value, or is it just the printing machine talking? Play the game, but don't be shocked if you lose. Looks like day trading is the way of the future for now.
JeffLee
Does this 30% represent any solid value,
Yeah, because it reflects the expectation of higher profits from improved exports, thanks to the lower yen. Machinery orders were up 14 percent in March.
or is it just the printing machine talking?
They're not "printing money." They're making more credit available. Money only gets printed when businesses and consumers demand it. This the biggest misperception out there.
Yubaru
http://www.bloomberg.com/quote/TPX:IND
kurisupisu
I just got a 30%pay cut as my company is in.....the red!
Thanks Abe.....
JeffLee
Yubaru
Indeed, TOPIX, up 35 percent since year start, up 63 percent over the year. Oh, the horror!
JeanValJean
False high before the very real crash.