Look at What Just Hit the Highest Level Since 1981

from King World News

Look at what just hit the highest level since 1981…

Land Of The Rising Sun

June 8 (King World News) – Peter Boockvar: Don’t call it a taper but the Bank of Japan did not buy one share of ETF’s in May. Not one of a market that they already own 70% of. Don’t worry though because I’m sure they will be back on any sharp decline in stocks. That said, there has been an enormous amount of pressure on them to stop because of the distortive impact of what they are doing in return for little gain. I’m still a bull on Japanese stocks whose companies have some of the best balance sheets in the world, will be direct beneficiaries of the growth in Asia in the coming decade, the area of the world that will see the quickest pace of activity all with attractive valuations…

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