CEO, Parisian Family Office. Began Wall Street 1982. Drexel Burnham Lambert alum. Founded investment firm, Native American Advisors, '95. White Earth Chippewa, raised on reservations. Conservative. NYSE/FINRA arbitrator. Pureblood, clot-shot free. In a world on a social media dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Answer to no one.
Thursday, March 30, 2006
World Wide Market Declines, from Victor Niederhoffer
There has been much talk in the media these days about declines in world wide markets, especially that the Arab ones might spill over into ours. I took the liberty of looking at the some 350 (depending on how you account for overlapping indexes on the same market) stock markets followed by Bloomberg in Asia, Europe, Africa, Middle East, and North and Latin America. I find that 340 of them are up year to date, with the average of about 8%. Here are the downs, Slovenia, Estonia, Latvia, Nigeria, Kuwait (-12%), Bahrain , Jordan, Qatar, United Arab Emirates, (-35%), Taiwan (-1%), South Korea ( -1.5%), Jamaica. I query to what extent a good first quarter all around is predictive of other quarters, and whether there are any gravitational effects around. and to what extent this backdrop is factored into the public consciousness.
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