U.S. stocks just came off their Lost Decade, but stocks in Tokyo recently hit a 28-year low. In 1984, when Japan’s economy was going strong, a three-decade drought would’ve seemed impossible. Yet, here we are.
Could America be doomed to suffer the same fate as Japan?
In an hour-long interview last week in Washington, D.C., I put that question to Eddy Elfenbein, who writes about stocks at Crossing Wall Street. Elfenbein, a long-term, fundamentals-oriented investor, was named by CNNMoney as “the best buy-and-hold blogger” on the Web. (Check out his free newsletter here.)
You can view our conversation here (run time: 4:29), or see the transcript below: