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Hey, Do you Remember the 80s?

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August 25, 2010 – Comments (20)

The NIKKEI sure does. It is reliving its 80s glory years: Miami Vice, Member's Only jackets, The Breakfast Club, Walkman's, etc. But at this rate, they will be revisiting the 1970s.

Because critical support has been broken. The NIKKEI is now trading below the levels seen in May ... of 2009

If you recall my last post on the NIKKEI: Back at Support, I was showing the critical support line just above 9000.

It is now gone. This does not bode well at all.



ENLARGE

20 Comments – Post Your Own

#1) On August 25, 2010 at 12:52 PM, eldemonio (98.70) wrote:

どうもありがとうミスターロボット

1983 was such a totally rad year.

b money - you're right, things are looking pretty shatty right now.

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#2) On August 25, 2010 at 12:55 PM, cbwang888 (25.97) wrote:

Amazingly strong yen has sent Nikkei into tailspin.

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#3) On August 25, 2010 at 1:03 PM, catoismymotor (36.75) wrote:

Gag me with a spoon! Fer sure! Fer sure!

I blame all this on Biff and that sports almanac.

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#4) On August 25, 2010 at 1:03 PM, binve (< 20) wrote:

eldemonio,

>>1983 was such a totally rad year.

totally ... :)

>>b money - you're right, things are looking pretty shatty right now.

They really are. Do we 'turn Japanese'? I don't know. But if anyone denies that outcome completely then they are looking only at what they want to see.

Thanks!

cbwang888,

Indeed. ..

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#5) On August 25, 2010 at 1:04 PM, binve (< 20) wrote:

catoismymotor,

>>I blame all this on Biff and that sports almanac.

Yep, he is a total 'butthead' ... :).

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#6) On August 25, 2010 at 1:49 PM, portefeuille (99.43) wrote:

okay, I guess it is time to buy Japanese equities. Any other indices that are looking extremely weak?

 

(just joking)

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#7) On August 25, 2010 at 2:49 PM, kdakota630 (29.86) wrote:

I'm actually keeping an eye on Japan as a possible investment opportunity.  The more people don't want to invest someplace makes it that much more of an opportunity.

I don't think I'd jump on Japan too quickly, but certainly watching it out of the corner of my eye hoping for a sign, and also to avoid ninja death stars.

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#8) On August 25, 2010 at 3:04 PM, binve (< 20) wrote:

kdakota630,

Hey man!

>>I'm actually keeping an eye on Japan as a possible investment opportunity.

Believe it or not, I am too!

>>The more people don't want to invest someplace makes it that much more of an opportunity.

100% agreed :). However, I don't think the time is now. I think the NIKKEI will still make new bear market lows, but I honestly do think they will be the first major economy to truly bottom.

I read a few geat articles receontly taking about a sea change in Japanese soceity, very slowly developing, where the 'salaryman' is going away and the new Japanese youth are called 'herbivores' / 'grass-eaters'. They have become very disenfranchised with the whole economic and societal expectations of Japanese life of the prior 2 generations.

Japaenese demographics are changing. The older generations do not want immigrants and want many tranditional social strucutres to remain in place. I think the disinfranchised younger generation will be much more accepting of change, which leads to innovation and productivity.

I think those seeds are being planted today. And with their debt deleveraging crisis now in the 7th or 8th inning, I think they will have a brighter future sooner than the other major economies.

>>and also to avoid ninja death stars.

Those are always troublesome :) Thanks!..

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#9) On August 25, 2010 at 3:25 PM, outoffocus (23.62) wrote:

Hey, Do you Remember the 80s?

Barely. I was still in elementary school.

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#10) On August 25, 2010 at 3:28 PM, binve (< 20) wrote:

outoffocus ,

:)..

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#11) On August 26, 2010 at 11:46 PM, HarryCarysGhost (99.75) wrote:

Hey, Do you Remember the 80s?

Yeah! Michael Jackson was considerd normal.

Cell phones were the size of a breadbox. 

A heated debate over VHS and BETA.

Anyone else got some other ones :)

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#12) On August 27, 2010 at 1:25 AM, binve (< 20) wrote:

msftgev ,

Nice ones! How about disco (finally dying its slow death in the early 80s), and too many Michael Douglas movies :)..

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#13) On August 27, 2010 at 9:50 AM, catoismymotor (36.75) wrote:

binve,

Swatch Watches. Porsche 944s, John Hughes movies, Billy Joel, Kelly Lebrock, Elizabeth Shue (Nobody messes with the baby sitter!), Billy Idol, John Cuzak, Cabbage Patch dolls, Transformers...

Cato, Landlord of the Retroplex

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#14) On August 27, 2010 at 11:10 AM, binve (< 20) wrote:

catoismymotor,

Nice ones!

>>Transformers.

Some of my favoites

And because I am a big nerd too -- Robotech :)..

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#15) On August 27, 2010 at 11:37 AM, lemoneater (79.30) wrote:

Cabbage patch dolls were so ugly. I was very glad that no relative or friend ever had the compulsion to give me one or make one for me. Strawberry Shortcake was much nicer.

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#16) On August 27, 2010 at 11:46 AM, catoismymotor (36.75) wrote:

binve,

Robotech! I loved that one, and Voltron.

Lemon,

So your parents were not fighting over Cabbage Patch dolls in 1983? Strawberry Shortcake was a safer alternative. As were Care Bears and the Shirt Tails.

Cato

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#17) On August 27, 2010 at 12:14 PM, SweetMircha (90.62) wrote:

I remember the 80's with

 1. Wishing I'd bought GOLD in 1974 @ $200 p/troy Ounce with my inheritance.

 2.Getting divorced.

 3.New Wave music.

 4. Buying a Cabbage Patch Doll & a Strawberry Shortcake Doll for my daughter.

 5. Getting re-married.

 6.Becoming an Owner/Manager of a MOTEL, Enterpreneurship!

7. Hands On 24/7 on call running my business.  It primed me for Online Stock Buying & Selling in the present.

8.Buying a Lemon Yellow Outfit to wear on a date that didn't show, lol.

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#18) On August 27, 2010 at 12:26 PM, binve (< 20) wrote:

lemoneater,

>>Cabbage patch dolls were so ugly. I was very glad that no relative or friend ever had the compulsion to give me one or make one for me

Amen. Do you remember the antithesis of the Cabbage Patch Dolls, the Garbage Pail Kids? :)

>>Strawberry Shortcake was much nicer.

My wife used to collect those! Nice :)

catoismymotor ,

>>Robotech! I loved that one, and Voltron.

Voltron! "And I'll form the head!" Good time :)

SweetMircha,

That is some series of events!!

>>8.Buying a Lemon Yellow Outfit to wear on a date that didn't show, lol.

Are you kidding me! What a putz!!.

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#19) On August 27, 2010 at 1:28 PM, SweetMircha (90.62) wrote:

Just kidding about #8. It was a pun to get a rise.

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#20) On August 27, 2010 at 3:42 PM, binve (< 20) wrote:

:)

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