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Thursday, May 23, 2013

Market Thought... Japan's 1987?

Here is what the SP500 looked like running into the 1987 crash, and after.

It rallied over 100%, and had a few breathless moments where it gave back (in max pain) 50%. But considering the moves, stabilized with the 500 moving average.

Here is what the Nikkei looks like, excluding the decline. (I will update later.)

So far its rallied +60% off its base (Oct-Nov 2012).


After reviewing the trend, yesterday's decline barely broke the Nikkei's trend.

This sucker has a ways to go before being a true crash.

Also, a second look at the Yen during this decline doesn't really show a correlation.

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