I began very patiently to buy good-valued companies at that point. The rest of the market could go down another 10 percent, which would make the next bottom in the 13,800 to 14,500 range. The market will bottom out over the next six months. Once the market bottoms out and slowly starts to gain momentum this will allow companies to begin raising funds again through the stock market. This, in turn, will take some of the pressure off banks because they have so much of their equity tied up in investments and in the stock market.
Banks then can increase lending and over time get the economy moving.
Q. You mentioned earlier the economic stimulus package that was unveiled in late August. The Japanese government has been about six months behind the curve since the beginning of this recession. They should have begun cutting interest rates six months earlier. Had they done that, the recession would not have been as deep. The same thing goes for this supplementary budget.