Nikkei retreats after topping 20,000

Does not make sense really, other than speculators.

Bubblicious!

The Nikkei peaked at 20,434 on April 14, 2000 after a two-year bull market. If it edges above that mark, it will be at levels last reached almost a decade ago.

Brace! Brace! Brace!

I don't mean to rain on the parade here but...

The first time the Nikkei ever hit the 20,000 mark was in January 1987. (It went on from there to hit a peak of over 38,900 in December 1989 before the big crash.)

So, if you'd put your life savings into an indexed fund tracking Japanese equities, your investment today would be worth what it was nearly 30 years ago.

Here is the chart: http://finance.yahoo.com/echarts?s=^n225+interactive#{%22range%22%3A%22max%22%2C%22scale%22%3A%22linear%22}

Sensato, that chart could be titled "Welcome to the wonderful world of deflation, stagnant corporate management and political disengagement". Hopefully the winds of change blow in more good fortune.

Everyone knows its a bubble, but no one knows when it will pop, only need one or two of those hedge fund managers to wake up feeling sad one day and decided it's time to cash in.

It is not a bubble. (As in prices and valuations are not supported by underlying strength/growth). But by all means, don't invest...keeps my buyin price down

A bubble market is never obvious and as long as the average JT "John Smith" rants about the bubble of any market the logical conclusion is that it is everything but a bubble.

A bubble market is never obvious and as long as the average JT "John Smith" rants about the bubble of any market the logical conclusion is that it is everything but a bubble.

Truer words were never spoken.