In your interest.
Online Personal Finance Magazine
No beating about the bush.
Many economists and business executives say they hope that Toyota’s trauma will be the unsettling blow that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise. Toyota is Japan’s largest company by sales ($230 billion last fiscal year), and in recent years has been its most profitable company and biggest taxpayer.
The China Investment Corporation, the Chinese government’s $300-billion investment fund, now owns stock in some of the best-known American brands, including Apple, Coca-Cola, Johnson & Johnson, Motorola, Visa, Morgan Stanley, Bank of America and Citigroup.
David Rosenberg says there is no v-shaped recovery on the horizon and that this market isn’t (and hasn’t been) trading on fundamentals and is entirely technically driven. He continues to think the market is overpriced and ripe for a serious decline.