Investors know that the upside resistance (on the Nikkei) is strong at 16,000 points, so the best strategy is hunting bargains when the market sinks.
More Quotes from Mitsushige Akino:
An increasing amount of money is flowing into mutual funds from individuals, driving large capital stocks higher. Even so, the upside is limited as overseas investors are shifting money out of Japan as they are worried about interest rate hikes.Mitsushige Akino
The prospects for the steel industry are quite positive, supported by strong demand.
Mitsushige Akino
The U.S. economy, once a concern for investors, is now driving stocks higher.
Mitsushige Akino
In the current market, high techs are not exactly the target of investors' buying interest. Under these circumstances, it wouldn't help at all to post disappointing earnings.
Mitsushige Akino
The biggest incentive for investors to buy stocks right now is optimism for sustained economic growth. The kind of appetite we're seeing from investors right now won't end easily.
Mitsushige Akino
Active buyers may opt to pocket gains quickly ahead of a string of holidays starting tomorrow. This would cap further gains.
Mitsushige Akino
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