The Japanese stock market may be in for a rocky ride, what about here? Capital markets are...

|By:, SA News Editor

The Japanese stock market may be in for a rocky ride, what about here? Capital markets are global, Brett Arends points out, and Japanese institutions liquidating investments to raise cash will be selling in New York as well as Tokyo. But the biggest risk, he says, is that world stock markets are already expensive, leaving them vulnerable to external shocks.