A survey of Chinese purchasing managers, just completed by HSBC and Markit Economics, shows a third consecutive month of contraction in the manufacturing sector. The release of the survey results on Thursday contributed to a global slide in stock markets that day. Source: CNBC)
This proves - one more time - that global economies and global markets move in perfect synchronization.
It is not a good idea to think that making investment in overseas markets reduces risk. You only buy volatility.
All markets and economies move in the same direction. And all markets are sinking right now because financial risk has been rising - relentlessly.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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