If this is too wishy-washy, we will end with this: In a recent interview on Bloomberg TV, MarcFaber, for whom we have only admiration and respect, said that the Japanese market is now his favorite.
While doomsday guys like MarcFaber warn that QEIII will bring on the Mayan Apocalypse at some point in the near future, anyone sitting on an emerging market equity was mighty pleased with themselves for tolerating nearly two quarters of declining values.
Emerging-markets maestro Mark Mobius of Franklin Templeton Investment Management certainly likes Japan -- the only stock market he and share bear Marc "Dr. Doom" Faber picked as a winner this year.