i believe there be much merit in beaten down individual markets, including brazil, argentina, russia, ... greece ... china ... hong kong ...
especially when some of the local traded markets were beaten by local happenings
but the concern is the proverbial next shoe, the one that is the global macro, which seems by sentiments poised to turn
after enough local markets tip over, perhaps a trend was in, and local happenings merely tagged along or got mixed in
when folks close down long-history money management businesses because of what they see, return capital and close office, i get slightly more concerned than otherwise - now i am slightly more concerned
cheaply guessing volatility heading up
interestingly, also seeing physical gold hoards got, and getting liquidated, and being considered to be liquidated
irrespective, as long as you can make money in this environment, good
i am not yet trying to, content to watch, given exposure on the non-traded sides, and thus the caution
it is even possible that caution shall make little difference as were large trees in our recent typhoon storm |
