I would believe that the next three years (at least) would be like those in the rounded off areas as in the case of the Nikkei chart provided herein.
The chart of the benchmark Nikkei Index in Japan since 1982-to the present (September 2009) witnessed major rallies (four rallies) of more than 50 percent but two decades later it is more than 70 percent lower. If we were to add the rally since 2003-2007 (the global bubble era), it would make it five.
Lesson from Japan: the era of financial speculation is gathering momentum and the centre-stage will be taken over by the financial speculators, especially those in commodity speculation. Two factors are aiding this era of financial speculation: (a) the loss of confidence in fiat currency, and (b) era of low interest rates due to the aftermath of the bursting of the biggest bubble in the history of human race.
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