Check out this statement by the G-20 following the recent multi-day plunge in global equities and commodities: “We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required”
Is that statement supposed to ignite global laughter, relieving the market of stress? I suspect not, which means it should be worrying. At any rate, Asia-Pacific equities responded with a big yawn.
Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.
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