Yesterday was a very exceptional day for the markets. Why?
Everything declined - stocks, commodities, high-grade and low-grade bonds.
Very strange. It looked like investors were eager to raise cash. Let's hope it does not mean bad news. A black swan?
One thing is sure - the number of advances is plunging since September.
The good news is that bonds are holdng up better than stocks.
Fascinating environment. You cannot sit on your hands. This is the time I recall a Taoist say - when in doubt act.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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