I find it amusing that the CNBC market specialists are jumping up and down that the Nikkei 225 Index has cleared the 10000 level last night. Good...its only down 65% from its all time high posted nearly 20 years ago. At this pace, the Nikkei should get back in the black sometime when the CUBS win the world series in 2400.
NIKKEI 225 - 20 Year Chart
S&P 500 - 10 Year Chart
Now- You may ask? Why do you see a similar outcome for our wonderful country?
We love the Japanese because they are so much like us.
Outstanding Zombie Banks
REALLY LOW RATES
SUPER FISCAL POLICY
GREAT MONETARY POLICY
We are basically TWINS, like Arnold and Devito.
That is one Ugly Nikkei Stock Chart. But that doesnt mean this mkt cant rally back 50% or so from the lows before we move back dowm.
ReplyDeleteThat is one Ugly Nikkei Stock Chart. But that doesnt mean this mkt cant rally back 50% or so from the lows before we move back dowm.
ReplyDelete