Biting the bullet

Japan bullet train i

The Nikkei 225 has been in one big bear market that began in 1990 after the land bubble burst. At the time the land on which the emperor’s palace sat was said to be worth more than all in the land in California. Long term investors have been disappointed time and time again as rallies have been sold down for the past 20 years, and Japan battles continued deflation.

Wave iv of C caused by Abenomics ie. a commitment to weaken the yen has completed. We now expect the final leg v of C wave to unfold before a final bottom is reached. Set a target below 5,000 before we start to see that bottom.

NKY 29-08-30 1989-2013