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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday, 7 March 2010

Japan




As an ex_Japanese fund manager I would love to be bullish on Japan and am aware of the bullish arguments on valuation,earnings growth etc Nevertheless I fear that the market is about to fail at the upper channel and the 50% retracement level on the chart for a 3rd time and break down below the moving averages.If I am wrong and we break out of the channel it should be a strong long-term buy signal.

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