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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.
(No Ratings Yet)
Loading ...Published on: November 2, 2012
America`s Future Not So Bonny, Clyde?
“The American century is over. The big development in the latter part of the century is the emergence of Japan as a major superpower…the juggernaut cannot stop of its own volition. Japan has created a kind of automatic wealth machine, perhaps the first since King Midas.”
Quote by: Clyde Prestowitz (former Reagan official)
Quote made on: 1988
Quote Submitted by: Michael Cookland
Source: www.fool.co.uk
Editor's Notes
Ronald Reagan`s Visionary Adviser on Japan. Good job we didn`t bet the house on that one.
(2 votes, average: 7.50 out of 10)
Loading ...Published on: March 12, 2012
