Monday, August 17, 2009

Appetite for Risk Wanes Again

I just published today's post on Nouriel Roubini’s analysis and stock markets vindicate his forecast. Today the DAX has lost 2%, the CAC40 2,3% the Ibex 35 2,8%, the FTSE 2,8%, the DOW 1,9%, the S&P 500 2,2 % and the NASDAQ 2,4 %. In Asia the Nikkei lost 3,1%, the H Seng 3,6 % while the China’s benchmark stock index fell almost 6 %.

The information circulates so rapidly in our globalized world that as soon as a diagnosis is formulated, and if correct, events follow. A rule for investing in rather efficient markets: don't wait.

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