A record-long U.S. bull market hasn’t stopped investors from asking: Is Japanification coming this way, too?
The S&P 500 has soared 800% over the past 30 years, overcoming bear markets and a financial crisis. It almost seems as if stocks can’t go down, at least not for long.
On Dec. 29, 1989, the Nikkei Stock Average closed at a record 38915.87. Then it fell. And it never came back. Thirty years later, the Japanese market languishes 40% below...
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