Yesterday I wrote about the japanese banks on my Investment Outlook for 2010. I agree with Marc Faber, buying japanese stocks and specially japanese banks can be one of the great investment opportunities of 2010. Its the pure contrarian play.
There are a few japanese banks traded in the US: Mizuho Financial Group, Inc. (ADR) (Public, NYSE:MFG), Mitsubishi UFJ Financial Group Inc (ADR) (Public, NYSE:MTU), Sumitomo Mitsui Financial Grp, Inc.(ADR) (Public, OTC:SMFJY) and Nomura Holdings, Inc. (ADR) (Public, NYSE:NMR). That is probably the easiest way to play this investment theme.
I will end this tumultous year with a magnificent quote from Robert Rhea, "No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation."
I wish a Happy New Year to all members of this community.
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