Japan's Nikkei down 42%

Discussion in 'Et Cetera, Et Cetera' started by B_starinvestor, Dec 30, 2008.

  1. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    The Nikkei closed the year at 8859.56, booking its worst single year loss in history (-42%.) The index closed 1989 at 38915.86.

    That's a tough slide for two decades.

    Let's hope prosperity returns to all in 2009.
     
  2. D_Doewell Dadong

    D_Doewell Dadong New Member

    Joined:
    Sep 28, 2008
    Messages:
    650
    Likes Received:
    0
    Looking at jap companies might be worthwhile
     
  3. MASSIVEPKGO_CHUCK

    MASSIVEPKGO_CHUCK Well-Known Member

    Joined:
    Aug 9, 2003
    Messages:
    28,004
    Likes Received:
    723
    Gender:
    Male
    Location:
    the pain behind your eyes
    Damn, so now after what is it- two decades of being a virtual super rich country, they're being humbled by their stock exchange? Good, a little humility is exactly what they need to be put in their place.
     
  4. vince

    Gold Member

    Joined:
    May 13, 2007
    Messages:
    14,785
    Albums:
    1
    Likes Received:
    538
    Gender:
    Male
    Location:
    Asia
    hmmm.... I can think of a couple other countries that could apply to. But I'm too polite to name names. :wink:
     
  5. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    Damn thing is, their market is down 75% over a 19 year period.

    The only way to accumulate a small fortune over there is by starting with a large fortune.
     
  6. D_Doewell Dadong

    D_Doewell Dadong New Member

    Joined:
    Sep 28, 2008
    Messages:
    650
    Likes Received:
    0
    I can't possibly think who you mean. Lol
     
  7. MASSIVEPKGO_CHUCK

    MASSIVEPKGO_CHUCK Well-Known Member

    Joined:
    Aug 9, 2003
    Messages:
    28,004
    Likes Received:
    723
    Gender:
    Male
    Location:
    the pain behind your eyes
    Pfft. If you speak of the US of A, we got a loooooong way to go, even after this buyout over summer before we're humbled.

    Japan, however has had it coming for a really long time.
     
  8. surferboy

    Gold Member

    Joined:
    Jan 12, 2005
    Messages:
    3,182
    Albums:
    1
    Likes Received:
    4
    Gender:
    Male
    Location:
    Sunrise, Florida
    and what do you have against the japanese?:mad:
     
Draft saved Draft deleted