http://noir.bloomberg.com/apps/news?pid=20601087&sid=alMCdb0CfMow&pos=7
SS says
They said the same thing after the 1989 earthquake as well.
It does not matter if we have an earthquake or not - it depends on the cycle and the stage.
As of now - Japan looks set to go up for some time - as I have said before - NKY would head to 10k-12k range and then fall back to 5k-6k.
So a 50% drop is definitely due but after the upward bounce is completed.
SS says
They said the same thing after the 1989 earthquake as well.
It does not matter if we have an earthquake or not - it depends on the cycle and the stage.
As of now - Japan looks set to go up for some time - as I have said before - NKY would head to 10k-12k range and then fall back to 5k-6k.
So a 50% drop is definitely due but after the upward bounce is completed.
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