Insomnia SoftT-san??? RE Tokyo, got me reminiscing, "...its record high was 38,915.87 in December, 1989..." The month to the day that I arrived in Tokyo to start my "big" job as currency trader for Tullets, coincidence, I think not... BTW we got to start trading the overseas exchanges as they are pretty predictable laggards of the US equities mkts.
The Japanese have immense fiscal and bank loan problems that after having lived there for many years, I believe do not have the willpower to quickly overcome. Yakuza, family ties, corporate corruption and a manipulated bank system that was collateralized to an over extended real estate in a collapsing economy are not easily tackled in the best of times. However, the Japanese are a complex people and not easily persuaded.
On the other side of the pond, we have a US President that seems to be saying, read my lips, I am not an idiot, potential short term liquidity, and a fed chairman with his back against the wall, all setting us up for a short term bounce worth at least 200 pts. (At which time our shorting crew will be waiting in the winds…)
Oh yasumi nasai…
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