Japan's Nikkei down 42%

B_starinvestor

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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.
 

MASSIVEPKGO_CHUCK

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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.
 

vince

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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.
hmmm.... I can think of a couple other countries that could apply to. But I'm too polite to name names. :wink:
 

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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.
 

MASSIVEPKGO_CHUCK

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hmmm.... I can think of a couple other countries that could apply to. But I'm too polite to name names. :wink:
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.