Tokyo stocks end at 30-year high on global economic recovery hopes

People must figure out that they do not need to be rich to be happy.

If you are not greedy, you should be able to put enough money away, drop it into a life time annuity and retire well.

Who votes Leonard Cohen down?

@fxgai i don't think nikkei's gonna go below 20000. BOJ's gonna start making losses if nikkei goes below 20000.

I’m certain that the market does not care about that.

Let's revisit this in about a year or two, and we'll know whether it was "good" or erroneous.

Funny how suddenly the Democrat guy is getting dissed by central government lovers because he just doesn’t wanna go crazy crazy big.

Note that all the "dangerous inflation" arguments over the past quarter century or so have all been wrong. 

That’s faulty reasoning. It’s like denying that you will ever die, because you have not died yet during the last quarter of a century.

Try thinking about how much losses they’ll be socked with when the stock rally ends.

Ditto for above. Make a note. (It is frustrating to argue with someone for years whose point is about something that hasn't happened or doesn't happen and they still think they're correct.)

Ditto.

It’s like arguing with someone who demands that a nuclear meltdown and tsunami disaster must occur, before conceding that it is a risk at all. It’s just daft.

@fxgai

It was a good, well-reasoned piece so you might like to read it.

Let's revisit this in about a year or two, and we'll know whether it was "good" or erroneous. Note that all the "dangerous inflation" arguments over the past quarter century or so have all been wrong.

Try thinking about how much losses they’ll be socked with when the stock rally ends.

Ditto for above. Make a note. (It is frustrating to argue with someone for years whose point is about something that hasn't happened or doesn't happen and they still think they're correct.)

U.S. economy has been recovering, but stock markets are being propped up by central banks.

@Yubaru

the market response can make sense based upon economics if you consider that numerous businesses going bankrupt during the pandemic leaves the market demand to be serviced by the surviving companies. Essentially the supply demand curve has shifted significantly. I can see why someone would buy stock in a surviving company when they will shortly have substantially more customers with their existing cost structure hence profit will rise and stockholders will benefit.

@fxgai i don't think nikkei's gonna go below 20000. BOJ's gonna start making losses if nikkei goes below 20000.

At least, some people are making money.

@Fighto!Today  04:19 pm JST

Ticking along nicely. People should beg, borrow and steal to put all the liquid assets they have in Japanese and US stocks. I still expect a 15-20% boom in the Nikkei this year - it may even test all time records near 39,000 points if the vaccine rollout goes smoothly and Olympics is held.

what brand do you smoke mate?

Central banks have lost the plot big time with much of the “magicked” money spilling over into the real economy, fueling manic speculation the likes of which always presages a collapse. It’s a runaway train careening towards disaster and our putative leaders are either blithely unaware, or else knowingly complicit in fomenting the hard rain that’s gonna fall.

try reading about how mach gains BOJ did from this stock rally.

Try thinking about how much losses they’ll be socked with when the stock rally ends.

Or did people forget that has been known to happen...

As the late, great Leonard Cohen said:

Everybody knows that the dice are loaded

Everybody rolls with their fingers crossed

Everybody knows the war is over

Everybody knows the good guys lost

Everybody knows the fight was fixed

The poor stay poor, the rich get rich

That's how it goes

Everybody knows

You've been telling us that the Japanese economy is owned by powerhouses of Vietnam and China.

No related to what I am saying. Don't deflect the topic.

I answer without impunity.

@septim dynasty if you read wsj, try reading about how mach gains BOJ did from this stock rally.

A lot of people have a question, and I merely provide a suitable answer.

An answer that everyone already knows.

Before the imfamous bubble, it was in the forties. They still got a long way to climb before reaching records.

People before the 1990s actually experienced prosperity and the expansion of the middle class. This doesn't feel like the 1990s.

@septim dynasty if you read wsj, try reading about how mach gains BOJ did from this stock rally.

"Bank of Japan has become the largest shareholder of the entire Japanese market."

You've been telling us that the Japanese economy is owned by powerhouses of Vietnam and China.

With "no impunity".

The bubble gonna pop anytime soon. Mid 2021?

All that “stimulus” money ending up where it was intended. The Casino never loses folks

The Game Stop shorts issue has shown again the predatory mechanisms of the so-called free market, particularly as regards the financial markets.

A bubble bursting or over-financialization of loan instruments or a pandemic affects the wealth of these oligarch investors in a very short window as opposed to the devastating ,life-changing effects to the populace.

cautioning against direct stimulus payments

Obama’s guy Summers was cautioning against a massive, massive stimulus, not about specific contents of it. It was a good, well-reasoned piece so you might like to read it.

I hope the pension fund realizes some of this profit on all the money it has been pumping into the stock market

It will be doing so through some kind of rebalancing program, where they sell down the winners and buy up some of the lesser performing assets.

The interests of the stock market institutional investors and the public were highlighted again at the Game Stop short issue as with the 2008 bailout.

I would be happy indeed should the central planners be constrained from taking the sorts of actions they have been engaging in, because in the long term I can’t see all this stimulus being good for us in the long term.

Interesting it was to see Larry Summers in the WaPo the other day asking questions about the prudence of further massive stimulus...

The same individuals who were the architects of Wall Street bailouts are cautioning against direct stimulus payments to individuals in this case.

Funny how that works out innit?

Bank of Japan has become the largest shareholder of the entire Japanese market.

https://www.wsj.com/articles/the-market-the-central-bank-bought-11608074703

This answers your question, Yubaru.

My portfolios are doing quite nicely, although at such valuations I'm no longer in a buying mood. There could soon be a correction of around 20% on Wall St., which would certainly spill over here. That is when I plan to start buying again.

I hope the pension fund realizes some of this profit on all the money it has been pumping into the stock market to support Abe's failed policies.

I see most of you guys complaining about stock market, I guess you are on the wrong side of the fence.

Its all bubble, but do you prefer to stay poor?

Come and join us!

Exactly Yubaru. Even worse, when the stock market is doing good, most people do not benefit, but when the stock market is doing bad, most people get hurt.

Doesn't seem very fair, does it? Of course it isn't.

the stock market keeps going up.

The central banks and governments have been pumping economies full of stimulus.

These policies are to blame, not the beneficiaries, which includes me I have to admit.

I would be happy indeed should the central planners be constrained from taking the sorts of actions they have been engaging in, because in the long term I can’t see all this stimulus being good for us in the long term.

Interesting it was to see Larry Summers in the WaPo the other day asking questions about the prudence of further massive stimulus...

It’s all being done in the name of this and that, but I can’t see how it’s all really helping the vulnerable...

2.9 Trillion $$$ will be magically created in next month or so - in addition to the 8-odd Trillion $$$ already magiced up out of thin air in the last year alone in the US, this will further fuel the stock prices. The large corps have unfettered access to most of this liquidity and so they are winning at the casino, uhhhh.. I mean stonkmarket. For the rest of us, sure grab some stonks in the short term and ride the coat tails but perhaps alsolook into deflationary assets as a long term hedge against this crazy money printing from world goverments.

Yubaru,

You are absolutely right.

Ticking along nicely. People should beg, borrow and steal to put all the liquid assets they have in Japanese and US stocks. I still expect a 15-20% boom in the Nikkei this year - it may even test all time records near 39,000 points if the vaccine rollout goes smoothly and Olympics is held.

Makes no sense! I know far too many people that are REALLY hurting, lost their jobs, no unemployment, no jobs, yet the stock market keeps going up.

Further proof that speculators, and businesses with money, are making MORE money and not spreading it around during the pandemic! The "haves" are making more and more, and the "have nots" are losing!