The equity rally is part of the overall “buy risk” trade that investors have been engaged in for the past few months. A clue to its longevity is to look at other markets to see how they are faring, so that we can understand whether the bull or the bear is in control.
Shanghai rolls over
You have to be a market hermit to not know that the Shanghai market has rolled over. China had been the last hope of strength in a growth-starved world. Moreover, the Baltic Dry Index, as an indication of world trade, is also falling.
Continued>>>
http://seekingalpha.com/article/159709-bull-bear-tug-of-warTime to sell those emerging market funds.
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