"As January goes, so goes the year." If you believe in the January barometer, as many market practitioners do, brace yourself for a wild ride in the coming year.
Two things this week have gotten me thinking about survival skills: the upheaval in global markets, with the rout in China that prompted comparisons to the 1987 “Black Monday” crash in the United States, and the novel The Martian.
It's been a busy week. Chinese stock investors as well as Greek voters could have used a break, while the New York Stock Exchange (NYSE) accidentally got one.
By the time you read this, we should know if the European finance ministers reached a deal Thursday to address the Greece situation. Either way, most believe that the "Greek tragedy" is unlikely to have a happy ending. And this situation bears watching because the end game will have significant implications for Greece, Europe, and the rest of the world.
By now you might have seen the sensational headlines from all major financial news outlets: The Chinese stock market has finally crashed!
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