Tuesday, June 1, 2010

Road Map for U.S. Markets?

Howard Simons, "Comparing the Nikkei and the NASDAQ"


While correlation doesn't imply causality, this is a picture that can really get your attention...

The NASDAQ has failed earlier in time and lower in price than the Nikkei did at a comparable point in its history.

Now comes the real ugly part: If the analog holds, the Nikkei punched down another 61.4% between April 14, 2000 and April 25, 2003.

Complete article viewable at Minyanville.com.

No comments: