Nikkei closes above 9,000

Thursday 30th October, 03:27 PM JST

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8 Comments

taniwha at 06:26 PM JST - 30th October

Chalk up this kind of event as another warning of what is likely to come. The most volatile rises and falls in stocks historically happen before a crash. Prior to last week the largest recorded peaks occurred just prior to the 1929 stock market crash, which heralded the onset of the Great Depression.
some14some at 06:38 PM JST - 30th October

taniwha: it is fairly true, however so far TSE is concerned, i dont see it happening...because here the Govt and TSE are on a friendly footing.
taniwha at 08:55 PM JST - 30th October

Fair point. But the same could be said for the interactions between other governments and local stockmarkets at this time, couldn't it?

Back in 1929 the US government took the same extra-ordinary measures (as Japan is taking and as most countries are taking following on from the US Bail-out) to secure calm again in the stockmarket. It did not stop the crash when it came.

Japan is in recession. The Yen is being manipulated by foreign investment because it is seen as a relatively safe currency at this time. Japan is totally dependent on its exports to China, to the US, and to Europe, and unfortunately the buyers are no longer making the orders they once did. In my assessment, which I think is pretty realistic, Japan is in for hard times, like the majority of the rest of the world in the immediate future.
Samuraiiki at 09:03 PM JST - 30th October

down to 5,050.50
ozellis at 09:56 PM JST - 30th October

Taniwha, Japan may well be in for hard times as you say. I don't know. However, if Japan is in for hard times it is only because the rest of the world, namely those very countries that you mention Japan does so much export trade with, is also in considerble hardship. I would also suggest you refrain from comments like

In my assessment, which I think is pretty realistic, Japan is in for hard times

It goes without saying that you think your assessment is "pretty realistic". Everyone would like to write their own reviews. Most people don't however.
helloklitty at 11:04 PM JST - 30th October

Back in 1929 the US government took the same extra-ordinary measures (as Japan is taking and as most countries are taking following on from the US Bail-out) to secure calm again in the stockmarket.

The best thing the government could do is to shrink itself so as to be less of a burden to the taxpayers. Instead, they are going to meddle again and prolong the agony. My doctor student says now is a good time to buy the U.S. dollar. I begged him not to because he would no longer be able to afford my lessons. The dollar is going to collapse within a year thanks to the govt. intervention.
Kimigano2 at 04:35 AM JST - 31st October

We pulled over $5 million in profit taking today alone. This is the best market to be in. Start your hedge fund - you make money on the up and down.

It's so nice to live in Roppongi Hills. Go to work for two hours on Monday, tell the traders what to do and send them emails the rest of the week. I make a million a week.
taniwha at 07:13 AM JST - 31st October

Japan is in for hard times it is only because the rest of the world, namely those very countries that you mention Japan does so much export trade with, is also in considerble hardship.

Which is the point I'm making above in reply to Some14some. Globalism means all economies are inextricably intertwined together. I am not saying Japan is deserving of a damn good whupping from a recession, only that Japan will be unable to escape the recession. History tells us that rapid rallies in the stock markets come before a big fall.

I would also suggest you refrain from comments like In my assessment, which I think is pretty realistic, Japan is in for hard times It goes without saying that you think your assessment is "pretty realistic". Everyone would like to write their own reviews. Most people don't however.

Gulp. I must have missed reading that rule in the textbook. Are you going to test us on it?