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Japanese stocks continue to absolutely crater. The weakest link in the global dollar-based system has yet to find a bottom. A canary in the coal mine. 🇯🇵📉📉📉 https://t.co/fr4qWXxAws
Today, there are about 1,000 public companies in Japan trading at <1x book value (and about 200 trading below 0.5x book). The median company trading below 1x book has 15 years of net income crystallized on its balance sheet, primarily in a mix of cash, cross-shareholdings of other public equities, and real estate.
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I have found my hero.
(Source: Why the Japanese Yen Is So Volatile - Bloomberg Originals) https://t.co/6VOXqphvAl
Goshawk Tradesx.com

One of the greatest mistakes I see smart people making is assuming that the S&P 500 will yield 8% “because it always has”.
I would to introduce them to Japan’s Nikkei 225. If you bought the index in 1988 (!!!) your return would be negative 25 years later.
Turns out valuation matters.... See more



