news Japan stock index Nikkei 225 crosses 39,000 to break its record high from 1989

[pride4jc1222]

The Nikkei bottomed out at around 7000 (or more than 80% from its previous record high) first in early 2003 and again in late 2008/early 2009: https://www.ft.com/content/8b982ad2-8923-4f48-adc6-946c10964657

 

To put into perspective, the last time the Nikkei hit a record high in December 1989, Taylor Swift was born and "Another Day in Paradise" was #1 on the Hot 100. Also, the over 34 years between record highs is more than 9 years longer than the US stock market took to set a new record high following the Great Depression.

 

[All eyes are now on Italy's FTSE MIB, which last set a record of over 50,000 in early 2000. It is currently trading at around 32,000, which is still over 35% below its record high from 24 years ago.]

[Comedor]

Yes, and?

[Starshine]

Isn’t Japan in a recession?

 

The US reached ATH’s too and it’s looking like this bubble is bigger than the dot com bubble. I don’t know what the hell is goin on.

 

[Bosque]

15 minutes ago, Starshine said:

Isn’t Japan in a recession?

 

The US reached ATH’s too and it’s looking like this bubble is bigger than the dot com bubble. I don’t know what the hell is goin on.

 

The bubble happened in 2020 during Covid. Most Western economies are the biggest they have ever been and are all reaching all-time highs, there's no bubble at the moment.

 

 

Meanwhile in China:

 

[DAP]

Great, sounds like taxes should be imposed and they should be heavier for stocks than wages and salaries.

[DuffStan]

3 hours ago, Starshine said:

Isn’t Japan in a recession?

 

The US reached ATH’s too and it’s looking like this bubble is bigger than the dot com bubble. I don’t know what the hell is goin on.

 

Same, so confused.

[DoItHonestly]

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break its record high from 1989

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