Some Folks In Japan Were Ready To Buy Some Goddamn Stocks After The Holiday


Boy, I’ll tell you what, Donald Trump’s “nation of Samurai warriors” came back from the break on a mission to buy some goddamn stocks.

Although this was to be expected (they’re effectively playing catch up), the Nikkei soared a truly incredible 3.3% on Thursday. That’s the best gain in more than a year and markets the best start to a year since 1996:

Nikkei

The Topix rose 2.6%, for its best annual start since 2013:

Topix

Just so we’re clear, we’re looking at a 26-year high on the Nikkei. And if Abenomics doesn’t work, well don’t tell equity investors:

Nikkei2

That’s on the heels of (more) good econ. and amid ebullient global risk sentiment.

It’s “an exceptionally good start” to what should to be a good year for the Japanese stocks, Mirabaud Asia’s Andrew Clarke said, adding that “25,000 in Q1 should be easily attainable.”

Indeed. Throw in a little of Kuroda’s patented Tinker Bell dust and the fact that margined Japanese FX traders are sitting on a ¥3.2trn unrealized gain in Bitcoin, and you’ve got a recipe for … well, for more mania.

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