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sidklein@sidklein.com
THE RUN
Nikkei: 10,644.13
*April low: 7,603.76
*- See March 31 &
.JAPAN:
Thirteen
days ago, in support of previous market letters, SKC reiterated:
“In the fourth quarter, SKC warned of seasonal weakness for calendar
year-end. Such weakness relates to the activities of foreigners during
that time. That weakness transpired and while followers of the Nikkei may not
know it (SKC readers have not tracked the Nikkei (principally) for four years),
Domestic Demand Oriented Value Stocks (DDOVS), as defined here since
2000, subsequently took off since the fourth quarter lows, with impressive
double-digit gains. To make these performances even more noteworthy, the Nikkei
has been every bit as unimpressive over the same time period.”
What
follows are links to equities that are just a few examples of the many stocks
that have taken off since the forecasted and identified fourth quarter lows for
Japanese shares. Note that, once again, the Nikkei had little to do with
reality, as has been the case since 2000, when SKC identified the lows for DDOVS,
while still forecasting calamity for the indices.
As
readers are aware, the model portfolio returned 79.8% from
(1)
There
is no representation being made here as to which stocks are favourites
among all those mentioned, nor is there any comment as to the ultimate targets,
neither regarding the intermediate nor longer terms, though, sufficed to say,
those close to my past comments are aware of which equities are in the earlier
stages of their breakouts in the big picture, regardless of recent stellar
performances. In all, investors are considering over twenty names, though buying
opportunities in the short term in many stocks are falling by the wayside, due
to price run-ups.
NB: SKC
cautioned that ideal intermediate term buy points in November – December would
manifest, spelling exceptional opportunities, particularly as intermediate term
highs in many situations could be seen in March, thus offering significant per
cent gains in short order.
Please
note as well that no explanation is given as to why different equities would
mix together in the same portfolio and in what manner, either
as regards industry or sector balance, nor as regards the management of
portfolio volatility. As well, these one-year snapshots offer no bigger picture
in which every stock story is in fact told. Of course, once accessing the
charts below, you may easily alter the time period of the respective charts by
using the dropdown arrow.
This market is playing out PERFECTLY
(see previous market commentary), as are the prices of those
instruments that we seek to acquire, in aiming at what could be the most
extraordinary gains yet of the past twenty-five years, certainly on a risk
adjusted basis.
GOLD, DOLLAR, OIL:
Gold and the currencies are
unfolding their respective destinies as forecast in
(2)
these pages, though oil went a bit higher than initially
thought.
The cold weather will have
provided the multi-nationals (colloquialism) with the sought after
capital. Destroy it…re-build it. Now there’s a first.
The next regularly
scheduled commentary for clients and subscribers is set for the first weekend
of April.
Sid Klein
________________________________________________________________
This newsletter is solely the
work of the author for the private information of intended recipients only.
Although the author is a registered investment advisor at Desjardins Securities
Inc., this is not an official publication of Desjardins Securities Inc. The
views (including any recommendations) expressed in this newsletter are those of
the author alone and are not those of Desjardins Securities Inc. The
information contained in this newsletter is drawn from sources believed to be
reliable but the accuracy and completeness of the information is not
guaranteed, nor in providing it do the author or
Desjardins Securities Inc. assume any liability. No solicitation to buy or
sell securities should be inferred from either the contents of this newsletter,
nor its dissemination. Each potential investment decision and its
appropriateness must be considered within the context of the entirety of
the individual investor's circumstances. This information is given as of the
date appearing on this newsletter and neither the author nor Desjardins
Securities Inc. assume any obligation to update the information or advise on
further developments relating to the information provided herein.
(3)