To invest anywhere, you have to be patient. To invest in Japan, you have to be masochistic. On Dec. 29, 1989, Japan's Nikkei 225 stock index closed at 38,915.87. Some 14 years later, the Nikkei is at 10,410.15--a 73% cumulative loss during a period when U.S. stocks quadrupled in value. Yet suddenly the Japanese market is hopping. The Nikkei is up 17% this year, just a hair behind U.S. stocks.
Is this a "dead-cat bounce"--a temporary rebound from a permanent decline--or the first sign of true recovery? to paraphrase Winston Churchill, the rise in Japan's market may not signal the end...
To continue reading:
or
Log-In
