Activity in the U.S. services sector, by far the largest component of the world's biggest economy, slowed notably in September, the ISM Purchasing Managers survey indicated Thursday, falling to the lowest level in more than three years.
International investors have been heavy sellers in Tokyo for quite some time. They tend to sell at exactly the wrong time. It seems many have made that mistake again.
it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
Over the past decade, not fighting the Fed has been the single best piece of advice any market strategist could offer.
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