Sorry, I differ here...
>>>After 11 years of bad time, there should not be more bad news. Everybody knows bad
debt, slow in deregulation and economy reform<<<
9 years, the bubble burst in 1989, the peak was reached in the stock market anyway, on December 31st 1989 and it was 38,000 something. I read some interesting comments in a book on the aftermath of the bubble , can't remember the title though, and it said the author had monitored golf membership prices as an indication of where the market was going. The theory behind this was , most golf players are executives, therefore insiders and if they stopped bidding up the membership it must be because they feel or know that the prices or earnings of their companies have finished their expansion so the good times are about to end. Anyway, memberships don't sell too well lately. The other thing is that Japan 's bubble was first and foremost a real estate bubble. Land went sky high and drove the stock prices up according to what the land holdings of a particular company were, irrespective of profits or earnings. When the land stopped appreciating, there was no reason to bid stocks higher.
>>Where is
good place to invest?<<
Cash is king.
There is a freight train coming, if you are in good shape you can wait until the last moment to jump off the tracks or you can wait for more opportune times.
IMHO
sg |
