If you are like me, you tire of knowing you are going to be down big because Germany's down 3% or France is down 2.5%. It takes any joy or hope out of the game. We know that we are less important than they are, and we can't just decide that because claims are better than expected by a couple of thousand that we are now free to trade on American news.
The only thing that keeps you from being annihilated on a daily basis is yield, yet so many of the strategists still don't get the value of yield. If they did, you wouldn't get repeated downgrades of stocks like Kimberly Clark (KMB), which was done yesterday ... again.
Source: The Street
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