Subject: Re: Reversion to .....mean? S&P?
I wonder how many were advocating buying the dip in the Japanese market in early 1990. It took about 35 years for the Nikkei 225 to exceed the record it set in Dec. 1989. As long as 23 years after that 1989 high, it was still down 78%. And all that happened without an autocratic coup in Japan.

Elan