There is no Edelman Shock Market Index, only a bit of intuition and experience. My intuition and experience say, “never predict markets,” but the Emperor’s Clothing, or lack thereof, are about to be noticed.
French 5 Year CAC 40 Index
Spanish 5 Year IBEX 40 Index
Japanese 5 Year Nikkei Index
In different ways, but surely , the conditions in the U.S. are as equally threatening as they are in other “developed” nations, but…
United States’ S&P 500 Index
Lehman et. al., the banking fiasco et. al., did not come from left field if one was watching. Time to be watching, and by the way, to check out of your vast array of stocks and bonds (Treasury’s included). The Emperor’s Strip Tease is coming to this side of the two oceans soon.