Another Shot Across Asia's Bow

Stock quotes in this article: EWJ , FXI , EWT , EWH , EEM , LEND  

"It seems more investors are adopting bullish forecasts for U.S. stocks, on the assumption that the economy will make a soft landing," says Haganuma. "However, U.S. share prices have on occasion fallen even at times of economic growth, due to uncertainty about corporate earnings."

In other words, the recent resilience to bad news of the U.S. exchanges may prove short-lived.
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Daniel Harrison is a business journalist specialising in European and emerging markets, in particular Asia. He has an MBA from BI, Norway and a blog at www.theglobalperspective.biz. He lives in New York.

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