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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (79572)4/15/2000 3:45:00 AM
From: novice investor  Read Replies (1) of 132070
 
Hi Michael,

11 years ago in December '89, the Tokyo stock market hit all time high just below 40,000. On February '90, they had a 5 % correction in one day. A series of extremely volatile and losing trading pattern followed for about a year until they hit the bottom around 14,000. For the last 10 years they've managed to recover it back up to 20,000 (still 50 % off).

The NASDAQ pattern appears disturbingly similar to the TOPIX from a decade ago (at the initial phase of decline). Do you think there is similar dynamics at work here?

Thanks,

- NI
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