The Changing Global Economy will Lessen the Importance of the U.S. Stock Markets

October 17, 2006 -

I’ve said many times on previous blog posts that the reasons I discuss the U.S. markets so often is that the U.S. markets drive all other markets around the world. It is quite common to see a record day on the S&P 500 followed by stellar days on the LSE and Nikkei indexes the following day and vice versa. Just look at recent parallel m…