2012: ‘Risk On, Risk Off – Repeat Often’
This present day investment phrase will be in vogue throughout 2012, again, as investment markets will vacillate between euphoria and despair or basically a manic-depressive psychological state of mind. Remember when fundamental analysis counted for something? It will again, sometime, but not today. Remember when domestic and international markets were negatively correlated? That was then, today is a whole new paradigm or in plain English, this time it’s different.