At one point this morning, the Nikkei came within a mere 100 POINTS of its legendary peak of nearly two generations ago...

 

...97.87 points to be exact!

 Due to widespread indigenous belief that the stock index is out of touch with economic reality, scraping that level may be a major selling signal for many Japanese investors, I suspect!  As a point of coincidence, it's now neck-and-neck with the Dow Industrial Average, the only other times in history being late 1953, mid-1958(when it was still called the Nikkei-Dow Index), late-2001, late-2003, late-2008 till late-2009 & mid-2013, early-2016 & for a brief period in 2Q 2020 in the aftermath of the CoronaCrash.

Some points of comparison between the market now & during that fabled period: