When the season for the main earnings begins, the market is likely to slow somewhat.
With the Turin Olympics and the World Cup coming, everyone knows that televisions are being sold by the truckload ... Windows (new operating system) Vista will debut in the later part of the year, so people will want to trade up their computers. It is not a bad situation at all.
The consumer loan business has been regarded as a good source of revenues for major banks ... the problem is that we don't know how this issue will be resolved.
If you look at these GDP figures, exports are really strong...so of course, investors are going for high-techs, autos and machinery stocks.
Investors are getting rid of shares that they think have gained too much recently.
High-techs have been laggards for some time, so investors know that they can always snap them up ... If high techs don't get bought the Nikkei can't push higher.
The days are gone when investors could easily flip stocks in the short term and make money.
The market was wrong. This year televisions are selling very well and people are upgrading their computers and cell phones, but everyone had been very bearish about electronics makers. That's what is being corrected now.
The market is on a roll and the current level appears to be just a passing point.