While they talk the markets send their message

News. June 5 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said tightening fiscal policy is the best way for Europe to help the global economy as U.S. Treasury Secretary Timothy F. Geithner urged it to buttress weak demand.

June 5 (Bloomberg) -- Asian commodity stocks fell this week on concern China’s economic growth is slowing, while carmakers rose after a report showed their U.S. sales advanced in May.

June 5 (Bloomberg) -- U.S. stocks fell this week, dragging the Dow Jones Industrial Average below 10,000, as lower-than- estimated jobs growth and a worsening government debt crisis in Europe fueled concern the global economic recovery will slow.

June 4 (Bloomberg) -- Wheat fell to a three-year low, corn touched the lowest price since October and soybeans dropped the most in four weeks as slower-than-expected U.S. job growth revived concern that demand for crops will weaken.

June 4 (Bloomberg) -- Copper tumbled, sending the metal into a bear market, after a report showed U.S. employers hired fewer workers than expected last month, reviving concern that the global recovery will slow. Zinc and nickel also plunged. Lead and aluminum also dropped.

My point. Our leaders continue having meetings around the world. Everybody is urging everybody else to do something.

Meanwhile, all asset classes are plunging. The weakness in all commodities is particularly worrisome. Is the global economy really so strong as reported?

Is this a good time to buy when everything seems to fall apart? Keep the faith, the good doctor said.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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