Blaming Greenspan
Deja vu - the market declines and it is so convenient to blame former Fed Chairman Greenspan. Personally, I find that to be ridiculous but if you need to find an excuse for the third consecutive day of afternoon selloffs - go ahead. But let’s get real. Did investors not know that China’s stock market was risky and the bull run was likely to be unsustainable? Last week, China’s largest investor and one of the world’s wealthiest individuals made similar comments so I find nothing remarkable about the Maestro’s rumblings. Like I said, if you need Li Ka-shing or Alan Greenspan to tell you that Chinese stocks pose a threat to US and world markets, then you should rethink your involvement with investments.

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