A Risk-Negative Feeling Casts Its Net Over The Markets
Posted on October 03, 2012 at 13:18 PM EDT
Well… It looks like it’s going to be a “risk off” day, and a risk-negative feeling has cast its net over the markets this morning. Front and center, China printed a much weaker-than-expected services component of their PMI, and Australia’s trade deficit widened, which is a turnaround from the recent narrowing we’ve seen in this trade balance. These two things have pretty much put the brakes on any risk taking, and so it is that [...] A Risk-Negative Feeling Casts Its Net Over The Markets originally appeared in the Daily Reckoning . The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. ".