I agree. P.S. Hope you didn't see what I wrote seconds ago, and I'm sorry if you did. It was an intentionally rude reply to another poster in a different forum. A little typing error. lol.
*NIKKEI13589.03___-737.43 -5.15% Wow....yep this is just a simple example of what could happen to the us markets after they finally peak out. Nikkei down about 2500 points from just under 16,000 to a close yesterday of 13589. Im sure it will rally to 17000 and take the us markets higher with it....seems when the Nikkei is up huge US markets follow, but on the downside they seem to be immune. Our markets and everyone who has seen continuous gains are too laid back...no one is expecting such a steep sell off, but keep in mind the spx is up 150% and hasn't seen a major correction in a long, long, long time. If BUBBLE ben bernanke wasn't propping equities up we would see what a real stock market looked like. But everything has been smoke and mirrors.
Regardless of WHY it has gone up, it's still a bull market which started in 2009. Stock prices have doubled from the lows, just as they did in the previous bull market which started in 2002 and ended in Nov 2007.
But in the grand scheme, does it really matter? Surely you just want to make money from it? Regarding the Nikkei, the Japan authorities have said today that it's only a temporary correction. I believe them. They will do what it takes to bring it back to 16000.
Remember when BUBBLE ben bernanke said the sub prime market in housing was contained and there were no signs of a bubble, you believeed him right? Hahah
The last bull market ENDED in 2000. From that point to the present we have been, and still are, in a secular bear market. When this current bounce (2009-present) collapses, we will ultimately fall below the March 2009 lows.