Monday, June 4, 2012

Bad Omen, Pt. 2

A Reuters article lists a bunch of negative economic indicators, perhaps the most interesting being the Tokyo Topix index hitting a 28 year low. That takes us all the way back to 1984.

The equities selloff is happening in Europe and the U.S. as well. A chief investment officer is quoted as saying "investors are just fleeing risk assets." Remember our adage that the equity markets are predicting what will happen six months ahead.