Thanks to China !
Tuesday, March 06, 2007
New York would generally lead the markets, either way, and the markets all over the world would follow. However this time around the markets all over the world followed the Shanghai footsteps including the US markets, the European and Asian markets. The Indian stock market was already in a downward spiral and panic created by the Chinese markets added to the downward momentum. This is a clear indicator of China leading the world economy no matter what the western experts say. Anything that happened in the US markets would have ripple effects all over the world. Now China is another beast that has the power to move the world markets, regardless of whether there’s a link to any individual market in the world. It’s like a bowl of soup, once your favorite chunk of meat is in that bowl of soup whether the spoon stirring the soup touches your favorite piece of meat or not, it has to spin with the rest of the contents of the soup when stirred.
However only a few markets in the world have the strength to stir that bowl of soup. Shanghai and New York are the ones now we believe. Soon there’ll be another one from the East. Guess ?
Labels: China Market
posted by Webmaster @ 11:51 PM,
