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Market indices track the performance of the overall market, and therefore can be taken as a gauge of how the market is performing. Market indices are increasingly represented by tertiary sector, because they account for an increasing part of the economy's output. My point is that Asia will have little or no effect on the S&P 500 as a whole, and on total corporate earnings growth. Isolated segments of the economy, or, if you wish, isolated sectors within market indices, will take a beating, but as an investor, all you have to do is avoid these sectors. |
