Aus dem Morgan Stanley Dean Witter Rundbrief vom 5.2.01

verfasst von Harald, 07.02.2001, 18:09

Hier ein kleiner Auszug,
einerseits ganz große Scheiße in Japan,
andrerseits wird zum Kauf empfohlen.
Warten wirs ab?

Global Strategy by Barton Biggs (New York)

Sentiment Worsens in Japan, But Market Looks Cheap
In all my many trips to Japan I have never experienced such
doom and gloom as I heard last week. Shorter-term vicious
cycles of recession and a sick banking system intertwine
with even more virulent secular vicious circles of deflation,
leverage, and demographics. A new banking crisis could
occur any day. No one should expect any help for the world
economy from Japan.
On the other hand, I believe Japanese stocks are undeniably
the cheapest in the world. All the “contrary” indicators in
terms of sentiment and asset allocation ratios are flashing
green. Both Japan’s economy and stock market at almost
exactly the opposite ends of the boom-bust cycle as
America’s. Japan has always responded powerfully to great
dangers. I don’t see big risk in the market from these levels
unless the world falls apart. For those that have to be
somewhere, I would be equal weight to the MSCI index
with the objective of cutting back if the Nikkei approached
16000.


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gesamter Thread:

• Aus dem Morgan Stanley Dean Witter Rundbrief vom 5.2.01 - Harald, 07.02.2001, 18:09
  • Re: Aus dem Morgan Stanley Dean Witter Rundbrief vom 5.2.01 - Simplici, 07.02.2001, 19:35