You Can Officially Throw Your Kobe Playbook Out The Window

On Friday, after the earthquake hit, analysts unearthed yen and equity charts from the Kobe earthquake, perhaps with the idea of using that as a template.

Well, that’s useless. Japanese stocks are already down some 15%, which is a MUCH steeper decline than we saw last time.

From BofA/ML, here’s Kobe:

chart

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