Merryn Somerset Webb on the Tokyo tumble
‘The Tokyo tumble doesn’t bother me a bit’ is Merryn Somerset Webb, Editor-in-chief of MoneyWeek’s most recent article in the Financial Times. Discussing the sudden drop in Japan’s stock market, following its incredible rise only a few weeks ago, Merryn, an expert finance speaker, maintains that this is not something to be worried about and that these are natural highs and lows which will correct themselves.
Suggesting the fall “has been hugely exacerbated by the skittishness of all investors, domestic and foreign, and by their obsession with central banks”, Merryn advocates her long-standing belief that investment is better left to part-timers and in these situations long-term fundamental investors should “mostly be sitting this kind of thing out.”
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