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  • Mark FisherMark Fisher
    Participant
    Post count: 32

    Sean,
    What are your thoughts on EWJ? We are already in FXY, but was wondering if you think ETF EWJ might be a good place to enter in for a long term hold for Japanese stocks. Thoughts?
    Thank you,
    Mark

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    We’ve already found the values to be had in Japan: CAJ and FXY

    EWJ is like most every other index based off of a major market. It’s toward the highest its been in 10-12 years. Therefore, no value to be had there and the sentiment is way too positive/bullish.

    What has been hated in Japan? The yen (FXY) and Canon (CAJ). So, we’ve got Japan covered already and with stuff that’s beaten down rather that overly-loved. Plus EWJ shows signs of potential technical weakness.

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