As Japan’s Nikkei 225 entered bear market territory on Friday, investors are beginning to fear that they may have been overly optimistic about an economic revival in the world’s third largest economy.
“People are wary of once again feeling that it’s not going to work. I can’t tell you the mass of clients who said ‘I put money into the market in 2003, 1999’.failure, failure, failure,” Ed Rogers, CEO, Rogers Investment Advisors, told CNBC, referring to the short-lived rally in both years, which was followed by a downward trend.
“They are all terrified of getting it wrong again, believing there’s a recovery story when there’s not,” he added.
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