1990 the Nikkei 225 hit its all-time-high at 38k and “change” …
the Dow Jones was trading at around 3k only …
Today, the Nikkei fell BELOW the DOW … trading only a bit above 8k …
So … another example, that EVERYTHING is possible.
Another year … another outburst of analyst expectations … the end is often … most of them are plain WRONG
2007 expectations have not been far off the real outcome … AND THIS WITHOUT KNOWING THE SUBPRIME IMPACT … which means … without that, markets would have performed by FAR BETTER than analysts expected […]
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