markets may be still overvalued , page-4

CorporateRaider

The markets dont have to recover - they probably will at some stage , but it's not a given.

Nikkei was at highest level in Dec 1989 at around 39,000 .. now 19 years later it's sitting at under 8,700 .. a little over a fifth of its 1989 value.
The Nikkei has had an even greater drop in real terms taking inflation/currency value erosion into account.

Recovery may still be another 20 years away for the Japanese market who knows ?.. so possibly 40 years of waiting for them.