Then in the second quarter the foreign funds start coming in. They look at Japan and think that's doing well and the Japanese start selling straight into it. A regular pattern has been established with the high for the year reached in June or July in the last five out of six years.
More Quotes from Robert Sasaki:
People want to be optimistic, especially dealers who control a lot of stock.Robert Sasaki
We expect the market to continue to sell off. The economic news continues to be bad.
Robert Sasaki
The market moved in a tight range. There was no particular news out here, which highlights that we are going into the Golden Week holiday and some traders are taking profits as a result.
Robert Sasaki
It was very quiet. There was a lot of confusion over exactly what the government is talking about in terms of whether they are going to start cutting taxes.
Robert Sasaki
The market would have been down if it had not been for one big buying program towards the end of the day, which most people suspect was the government.
Robert Sasaki
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