Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Friday, February 7, 2014

PMI indicator has modest fall

This is my weighted average of US, China, Japan and Europe PMI/ISM, indicators which are private sector surveys of manufacturing conditions in these countries (Europe is a composite of several European countries)

A minor blip in January, prolly caused by the big freeze in the US.

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