Japan's stock market can not be a new high of 20 years

 Japan's stock market 20 years can not become a point of high
mm38957 Nikkei eternal pain!
Wuhan University of Technology Director of Finance and Securities Research Institute, New Tang (Professor)
not you ever seen 20-year highs the stock market it? rare! However, Japan's stock market is so 1989 ~ Dec. 29, the Nikkei serious bubble, and setting a record mm38957 point! after the Bears go all the way to the Nikkei, already up to date 20 years! ended July 2, 2009, the Nikkei index closed at 9876 points. During the past 20 years, 20 years, three times on the Nikkei index touched 20,000 points, but each can not really stand on the 20,000 points , each upside are not delivered, then the Nikkei in 20 years, firmly built a 20-year near! the historical record 38,957 points, seems to have become 20 years of the Nikkei elusive cow That is, 1984 mm 1987, the Nikkei index rose about 4 years 110%, this phase of the bull market should be healthy and normal serious bubble, are rose close to 4 million points, 6-year cumulative increase close to 300%. (However, our Shanghai Composite stronger, rose from 6,000 points 1,000 points, only about 2 years time, the cumulative increase will be more than the 500%! It should also be considered a wonder of the world, right? course, China is not Japan can match!)
(b) of the Japanese stock market hit a record high of 20 years hard
1990, the Nikkei to 38,UGGs,922 point of the opening, all the way straight decline, to close at 23,849 points at the end of the year slid 15,000 points, a drop of 38.7%; then, successive years of decline in the Nikkei index,Bailey UGG boots, October 1998 low point of dropping 12,787. This is the Nikkei ; Man Bear Quotes: April 2000, the Nikkei index touched 20,833 points, on top, the highest since October 1998 the highest point since. However, the end of 2000 the Nikkei closed at 13,785 points are low.
2001 years events
2003 onwards, the Japanese economy back to life, the stock index began to slowly wake up. This is the Nikkei in 20 years the slow rebound in the second round, until June 2007, as world stock markets are heading for the history peak, the highest on the Nikkei touched 18,297 points, which since June 2000 is the highest point since, from the record high of 38,UGG bailey button,915 points short of twenty thousand points!
However, the second half of 2007 worldwide the end of the bull market, the U.S. subprime mortgage crisis will soon be converted into a global world of the bull market bear market, the hapless Japanese stock market in 20 years will enter the third wave of bottom channel .2008 October 28, the Nikkei dropping 6994 points minimum, another recent new low of 25 years!
Thus, 20 years, while the Nikkei is no longer high, but it can continue to new lows. This is 20 late 80s the Japanese economic bubble paid a heavy price!
(c) of the Japanese bubble is a classic bubble economy of the mass? the same time, they also study how the Japanese stock market bubble to Make? conclusions similar, almost can be summed up as follows:
(1) 20 century and the mid-80s, under the pressure in the United States, Japan took a significant appreciation of the yuan;
(2) in the Japanese economy is driven by sustained high growth, stock prices soared, prices soared;
(3) stock market scandals in the stock market bubble is always the most severe cases,cheap UGG boots, such as stock market manipulation , fraud, corruption, embezzlement, corrupt, etc., when such acts occurred in virtually the entire Japanese political and business, and its root cause may be human nature: fish in troubled waters, disarray speculation, gamble!
final tips: Chinese investors to refrain from his eyes fixed on the stock market only! only detached look at the stock market stock market is it possible to better grasp their own happiness in life! see the Shanghai Composite Index deformity K line graph 20 years, you can guess what day the Chinese stock market out of 6124 points, a new record it?