Stocks Always Go Up in the Long Run, Right?
Written by David on October 30th, 2008Nope.
Check out Japan’s Nikkei index over the past 20+ years.
Tht sux.
It peaked at 38,915.87 on December 29, 1989. After Japan’s economy took its legendary nosedive, the Nikkei has strugged to get back to 20,000. It’s now at a 26 year low!
So shall we “privatize” Social Security and put our faith in “the market?” After all, this isn’t Japan. As Frank Zappa said, it can’t happen here!
Right?
Right?
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