The Japanese Market Tanks

The Japanese Nikkei 225 (^N225), the Japanese counterpart of the Dow, dropped 6.18% today to close at 9,620.49. The index is actually lower than it was on the final day of 1983 when it closed at 9,893.82. At the same time, the U.S. Dow closed at 1,258.64.

This means that in 27 years, we’ve gone up by more than 10-fold while the Japanese market is down slightly. The Nikkei used to be 14 times the Dow. Now it’s 20% less.

Posted by on March 14th, 2011 at 12:32 pm


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