Japan's Nikkei 225 peak above 38,000 was a LONG time ago: 1989

 

Asian stocks plunge on Trump victory

The Nikkei 225 is down over 5% at this hour. The Hang Seng is down over 3%. Smaller losses elsewhere in Asia.

Trump is coming for you, Asia.

Abenomics is a fart in a windstorm

Long Term Investors In Japan Down Over 15 Percent . . . Since 1984!

Remember the Much-Hyped Japanese Economic Threat to the US of the 1980s?

Nikkei 225 1970-2011

Refresh your memory a little bit here.

Are We Following in Japan's Footsteps?

Seen at The Big Picture here.

The idea is that the Japanese stock market experience in red superimposed over the US SPX in green (lagged by a decade) predicts a new low in the US below the 683/666 level of March 2009 by 2015.

The market trend line in the US went haywire in 1995. The February/March 2003 and March 2009 lows represent corrections toward that old line.

The Maestro noted the irrationality of the break out from the trend already in December 1996.