If I had a NIKKel for ....
Wow binv, those are some really bad puns you are coming up with.
I showed my long term NIKKEI count back in September (Long Term Count of NIKKEI), and last week I showed a chart update on several Asian indices (Another Look at a Few Asian Markets).
I want to continue this train of thought with the NIKKEI. Here, first is the long term chart for reference, with the accompanying notes from my last Asian post:
Next is the old NIKKEI. Ouch. The long term chart tells the story of this Blue Supergiant, which burned so hot and so bright for decades, and is continuing to implode after fusing all that hydrogen into helium.
It has been leading down recently. And I think a lot of this has to do with the "carry trade" baton being handed from the Yen to the Dollar. So a fair question is, what happens to US markets when the carry trade gets handed off to somebody else? (Treasury Bond rates are a balloon being held underwater, but I certainly don't argue that rising rates will make the Dollar healthier. Far from it. Just more expensive. Riddle: Is a more expensive worthless dollar still worthless?")