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Unfortunately for our experts, the fact that their predictions may be expressed with admirable conviction does not always make them correct.

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Topix For Debate

“Investors run the risk of missing out on an exceptional rally in the Japanese equity market if they continue to dismiss the region. The Topix is now as oversold as it was previously overbought at the top of the bubble at the start of 1990.”

Quote by: James Ferguson (Chief Strategist at Westhouse Securities)
Quote made on: 13/03/2012
Quote Submitted by: George Cookland
Source: Joshua Ausden of "Trustnet"

Editor's Notes

Yet another fund manager predicting great things for the Japanese equity market……..and getting it wrong.

Almost eight months ago, Mr Ferguson was encouraging us all to fill our boots, as the the pick-up in bank lending and historically cheap valuations had put this region well and truly back on fund managers` radars.

The Topix index stood at 444.66 on 13 March 2012 and, as of 1 November, finished the day at 384.28 – a small matter of a 13.5% loss in your investment stake, disregarding charges.

You would have had more fun in the casino.

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Published on: November 2, 2012

Category – UK Financial Predictions and Gaffes
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