Point and Figure Charts: Japan’s Economic Recovery

by | Mar 21, 2011 | Podcasts, Stock Market Comments

We encourage our readers and listeners to our podcast to consult with their investment adviser before making a decision to buy or sell any investment.

And if you are relying on a podcast for specific investment advice, you are making a huge mistake.  Please speak with an investment adviser before making ANY investment decisions.

If you do not have an investment adviser in the New Jersey or New York area, we encourage you to contact Mullooly Asset Management at 732-223-9000 or through our website.

Under no circumstances should any of the content discussed on this podcast be considered investment advice.

In this week’s podcast, we talk about John Dorfman’s article in which he states how the the “coming recovery” in Japan will reward some savvy investors.  We’re not too sure – Dorfman states that you can make a profit if you’re willing to wait two to five years.

The problem here is that if you look at the last “two to five years” – 2006 was five years ago. Those who bought the US market five years ago haven’t made any money — and they had a very scary ride through 2008.

Just because a market or a stock is cheap doesn’t mean that they’re going to go up – they can get cheaper.
Simple math doesn’t indicate that you’re going to make money on Wall St.

Basically, Dorfman is predicting a recovery for stocks in Japan.  Here at Mullooly Asset, we believe that predicting is a fool’s game.  By using point and figure charts, we eliminate the guesswork  by focusing on what is happening now.

What Japan really needs right now is food.  More and more of their food is becoming tainted by radiation.  Additionally, nuclear power has been knocked out and they’re going to need some other form of energy.  That helps to explain why commodities are a favored sector right now on the charts we use to manage your money.

The Mullooly Asset Management Podcast can be found below. The Podcast can also be found on iTunes. Go to the iTunes Store and simply search for “mullooly.” Under no circumstances should the information contained in this blog or podcast be considered investment advice.

Thank you for listening. We welcome your comments and questions.

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