Mission Accomplished Abenomics? The Nikkei 225 just hit fresh 7 year highs at around 17,900 (the highest since July 2007) managing to soar 24% off the mid-October ‘Bullard lows’. Great news for all the bulled up US investors we see day after day on financial TV… wrong! In US Dollars, US investors remain down 4% year-to-date (and have yet to have a positive close in 2014). But hey on the bright side, your Japanese brethren are loving the nominal surge in their ‘wealth’ as their currency collapses to 119.4 this evening.
The Nikkei 225 is up ~24% off the Bullard lows…
But Year-to-Date, US investors in Japan remain losers… underperforming US Treasuries by over 20%…
Charts: Bloomberg
Bonus Chart: And if you’re wondering where all the Chinese QE-lite money went now that the real estate market has started to collapse…
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Fun-durr-mentals indeed!!!
via Zero Hedge http://ift.tt/1yKTwXA Tyler Durden