News. May 17 (Bloomberg) -- Asian stocks fell the most in more than three months, the euro dropped to its lowest against the dollar since 2006 and the cost of insuring bonds from default jumped on concern European austerity measures will derail the economic recovery.
My point. The markets are the ultimate umpire. The politicians can make a mess out of their countries. The only way we, the people, finally realize the grotesque situation we are in is if the markets let us know.
Yet, there are some luminaries who believe the markets should be harnessed. There is no way this can be done.
The "smart" people in government should listen to the markets because the markets are always right. They always win.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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