Ed Yardini is always worth reading. This article from his blog, and also at Business Insider, discusses how the ultra-loose monetary policy in Japan is providing upward impetus for the US stock market.
Article links: at Business Insider and at Yardeni’s blog.
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From a sentiment perspective its interesting to think about how talk of BOJ easing, and continued easing, is seemingly reaching a fever-pitch. How the G20 has given Japan a ‘green light’ for continued easing and consequent yen weakness. All the talk about potential for outflow of funds from Japan into foreign stocks and bonds. Is sentiment swing way too far in one direction? Are we due for a big reversal in the yen? And the thorny issue of timing. Any thoughts would be welcome.
