Next weeks

We are witnessing some uncomfortable investor behavior caused by:

• Unthinkable globalisation moves: the real power of China is coming (do not forget the fact, that China is the second investor in US treasury bills).
• The Middle East horizon: Iraq, Iran, Lebanon, Israel, etc.
• The unstoppable blood bath in Baghdad.
• The environmental challenge: will oil be replaced? Is it a real threat the hot weather? Or is it a new media campaign?

All these questions are on the table. Investors do not like doubts or questions.

Nevertheless, economic indicators are not bad: The New York-based Conference Board said Tuesday its Index of Leading Economic Indicators edged up 0.3 percent last month. Even tough, data are not good!