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The decline of the Global PMI into contraction territory for much of the year has yet to bring...

The decline of the Global PMI into contraction territory for much of the year has yet to bring global equities along with it. Recent history suggests (chart) it might before long.
Comments (1)
  • These overlaid graphs are useless. You can set either scale to make the data look hyper-sensitive or highly correlated. What matters is percent change, not some arbitrary window.

     

    This is the sort of stuff that scares retail investors out of the market just in time for them to miss a 5-10% rally.
    2 Oct 2012, 05:51 PM Reply Like
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