Well, well, well, it seems that as foreign investors have abandoned Japanese equities, local investors have been piling in. Apparently, Japanese investors have been quite successful over the years, buying in when the Nikkei has been destroyed and then selling shares a year or two later. These investors have learned how to navigate markets when buy and Hold (pray), doesn't work. As we have stated before, if one can buy the Nikkei under 9,000 one should do so.
http://www.iht.com/articles/2008/11/07/business/07yen.php
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