Not read article...but I think Bank of Japan does buy Japanese equities.
A Totally Rigged Market
- Thread starter Rickshaw Man
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Not read article...but I think Bank of Japan does buy Japanese equities.
That's interesting! So what are the words between the commas? Is the Japanese Central bank now like Goldman with a bunch of fat guys in bedroom slippers eating pizzas, smoking cigars and manipulating the equities market by buying/selling billions worth of equities on margin like madmen on reefers. The only thing that could make this analogy perfect is if BOJ starts recommending that the public sell the junk they want to buy and buy the junk they want to sell.%%
PieZoe;
here is the quote i did note. ''Bank of Japan Surprises With Boost in Asset Buys ....to 80 trillion yen a year, about $713 billion, buying long dated bonds, , riskier assets like equities. The yen plunged to a 7 year low'' IBD {investors Business Daily monday NOV 3,2014.}NasdaQQ made a new high ,then, like now. 2 days after Fed Ends QE3.
I remember that front page news /pic of BOJ gov....because the NasdaQQQ chart made a new high about the time that was published in 2014; even though it was a SEPT sell+ OCT sell,[below 50 day moving average] 2014
%%That's interesting! So what are the words between the commas? Is the Japanese Central bank now like Goldman with a bunch of fat guys in bedroom slippers eating pizzas, smoking cigars and manipulating the equities market by buying/selling billions worth of equities on margin like madmen on reefers. The only thing that could make this analogy perfect is if BOJ starts recommending that the public sell the junk they want to buy and buy the junk they want to sell.
That means i dont type fast, lol;
so i gave you the meat of the move- IBD news. I dont need the BOJ to confirm ; its A BULL MARKET YOU KNOW. But Bank of Japan +IBD had great timing. I wondered if they helped tank the Yen[ 7 year downtrend @ 2104]to help USA sales of HMC, TM , Nissan?? Dont know, ;great autos/trucks,owned several of those-not a stock tip
I think you're right! I found this, http://mobius.blog.franklintempleto...ral-banks-and-stock-markets-a-boj-case-study/
And even though that article is from a U.S. mutual fund company I have way more confidence in their assessment of BOJ operations then I ever would in zerohedge which I consider to be essentially garbage.
I also found this https://www.boj.or.jp/en/statistics/boj/other/acmai/release/2017/ac170731.htm/
Now I'd like to know more of the story.
You guys are right! Holy Mackerel Kingfish! see my response to Visaria for some informative links I found.
%%
I figured it [ bank of japan central bank ]bond buys, stock buys, REIT buys,was true,PieZoe, when i read it on IBD[ Investors Business Daily ]newspaper-they're very accurate. But even more important to me===== NasdaQQQ, S&P 500/SPY was +is in a bull market [above 200 day moving average]
. Not a prediction......I've laid the bull market mainly to two things: the depth of the recession making the recovery exceptionally drawn out, and a currently weakening dollar which tends to draw out the bull even more (I consider dollar strength and weakness to be a very important background factor in deciding longer term market bias.)* But now I realize I should be paying more attention to what the BOJ is doing. I assume they only buy Japan stocks as they would want to influence the NIKKEI, make people feel rich, and spend spend spend!%%
I figured it [ bank of japan central bank ]bond buys, stock buys, REIT buys,was true,PieZoe, when i read it on IBD[ Investors Business Daily ]newspaper-they're very accurate. But even more important to me===== NasdaQQQ, S&P 500/SPY was +is in a bull market [above 200 day moving average]
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*Of course the dollar is not unrelated to interest rates and what the bond market is doing. I like to follow the dollar futures.
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