Think this bodes for disaster for the Dow? Think this bodes disaster for the world economy? Think I'm right about the disaster hitting Japan this summer? I do.
Bloomberg reports in Japan's Topix Heads for Lowest Close Since 1983 on US:
All things about the media, marketing, business, Japan and other musings by Mike in Tokyo Rogers.
Comments must be succinct & relevant to the story. Comments are checked frequently and abusive, rude or profane comments will be deleted. I’m just one of many bloggers who answer questions online and sometimes for the press. I usually handle questions about Japan, marketing or the economy, so in those areas I’m more likely to make sense and less likely to say something really stupid. If I post something here that you find helpful or interesting, that’s wonderful. This is my personal blog. If you don't like what you have read here then, just like when you go into a restaurant or bar that allows smoking, if you don't like it, there's something at the front that has hinges on it and it is called a "door."
1. Generally the best time to buy is when everyone else is panic-selling.
ReplyDelete2. Perhaps you have forgotten the Crash of 2:45 pm in 2010, when the market flashed down over 9% in a matter of minutes due to algorithmic/high-frequency trading? If anything, I'd wonder what took them so long, and why the rule isn't for a shutdown if it drops more than about 1% per minute for two consecutive minutes. Either that or making HFT illegal, which isn't going to happen. This isn't your grandfather's stock market.
"1. Generally the best time to buy is when everyone else is panic-selling."
ReplyDeleteI've read that in a number of places.
It kind of makes sense, but at the same time, isn't that how a Person catches a falling knife?
#2. sounds Keynesian/merchantilist, but whatever.
I did notice gold's not plunging this time.
- clark
A title to a financial article which reminded me of this post:
ReplyDeleteJapan: Keynesian Template for Poverty
- clark