Forbes: Recession dead ahead

[bpp]

Just be glad you aren't in Japan. Nikkei dropped from 17,563 in April 2006 almost 3,000 points to 14,633. Good time to be "internationally diversified" if you are a Japanese investor.

Actually, it is a great time to be a Japanese investor. I am on a (bit of a) Japanese equity buying spree now. So far we're only back to last December's prices, when I was already getting a nosebleed, so (hopefully) we still have a ways to go.

But it is always a good time to be internationally diversified, wherever you are.

Bpp