Monday, March 9, 2009

How long can a Bear Market Last? Nikkei marks lowest close in 26 years

Got that Ray "No 15-year period..." Lucia? Watch out Warren.
From MarketWatch:

Japanese shares gave up early gains to end lower Monday, with the benchmark Nikkei 225 Average marking its lowest closing level in 26 years as investors sold down financials and pharmaceutical shares amid a weak economic outlook.
The Nikkei ended 1.2% lower at 7,086.03, the lowest finish since October 1982. At its latest close, the Nikkei is at less than a fifth of its all-time high of 38,915.87, which it touched nearly two decades ago. The broader Topix index slipped 1.5% to 710.53....MORE