LOS ANGELES (MarketWatch) -- Japanese Finance Minister Kaoru Yosano said Friday that he is "convinced" domestic stock prices will turn upward at some point and that he was disappointed by the recent fall in Japan's equities, according to reported comments. "Stock prices are a leading indicator of Japan's economic conditions, so it is very disappointing that [the benchmark Nikkei 225 Average], which was around 10,000 a while ago, is now near 9,000," Yosano was quoted as saying in a Dow Jones Newswires report. "But I am convinced that stock prices will eventually turn upward," he said. The comments came as Japan's Economics Minister Yoshimasa Hayashi said that deflation remains a key concern for the nation. "We have to manage this economy and explain our policies carefully to make sure concerns about deflation don't become a reality,'" he was quoted as saying in a Reuters report. The Bank of Japan said Friday that the nation's wholesale prices were a record 6.6% lower in June than they were a year earlier. The result was a heavier drop than the 6.3% fall forecast in a survey of economist by Kyodo News. From May, the index was down 0.3%. Export prices were down 12.8% on year in June, while import prices were 32.2% lower. http://www.marketwatch.com/story/japan-minister-says-stocks-will-rise-eventually Why nbot start a government sponsored buy program - like in the US ?
Hey calling for a stock market recovery is easier than calling for an economic recovery. It could rise on all kinds of technical developments! Soon presidents will say they predict "green shoots" and "less pain" in the future, hurray!
Just to beat a dead horse.... There is the political world.... There is the media world.... There is the real world..... There are good economics .... There are bad economics.... It is such a rare event to have a bonified individual from the media or political worlds....as they sell votes and audiences.... Beware their labels....
Obama Says Now May Be Good Time to Invest in Stocks March 3 (Bloomberg) -- President Barack Obama said falling share prices may mean bargains for investors with a âlong-term perspective.â Obama, who is seeking to boost public confidence in his strategy to pull the U.S. out of recession, spoke a day after stock markets tumbled. The Dow Jones Industrial Average yesterday dropped below 7,000 for the first time since 1997. The Standard & Poorâs 500 Index closed at the lowest level since October 1996. âWhat youâre now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal, if youâve got a long-term perspective on it,â Obama said at the White House today while meeting with British Prime Minister Gordon Brown on battling the global recession. The sell-off in the S&P 500 yesterday left companies in the index valued at their cheapest relative to earnings since 1986. The measure traded at 12.2 times company profits from the past 10 years, according to data compiled by Yale University professor Robert Shiller, who uses a decade of earnings to smooth out short-term fluctuations. The S&P 500, the benchmark measure of U.S. stocks, has dropped 23 percent this year following a 38 percent decline in 2008 that was the steepest annual retreat since 1937. The S&P 500 fell 4.49 points to 696.33 in New York today. The Dow fell 37.27 points to 6726.02. http://www.bloomberg.com/apps/news?pid=20601110&sid=aBndLi5PmOvc I call it the "Obama rally"...
......................................................................................... What will be the name of his new hedge fund ? The New American Fascist Power Fund Series I ?
I like the start of his statement : âWhat youâre now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal..." Which other president of the USA ever mentioned the expression "profit and earnings ratio" while addressing stock markets ? LOL !
.............................................................................. Would this not be cool..... Listen folks....we are ending taxes.... What we are going to be doing instead....is making investments in America.....This investment will be a way to participate with the likes of GS, MS and the others.... The more you invest....the bigger slice of the pie ...you get.... Yes the investments are mandatory....but it is all about "makin money" by investing in America.... From the point of birth ....you start investing....and growing your nest egg....and you can pull it out at 55 to death.... The valuations will be set by the FRES....