Be careful! The biggest "thunder" in the global market is still hidden in Japan. Dhaval Joshi, Chief Strategist of BCA Research, a global macro research institution with over 70 years of history, stated in the latest research report this week that the biggest risk of a bull market is not a US economic recession, persistent inflation in the US, insufficient stimulus measures in China, or economic stagnation in Europe - the biggest risk of a bull market still comes from Japan.