Source: Asia Times:
By Martin Hutchinson
In early August next year, it will have been 100 years since investors suffered a very nasty shock indeed, when the London and New York stock markets closed for some five months and many international bonds previously thought to be high-grade proved worthless. It should be remembered: for the average investor, World War I, the cause of this disruption, blew up very quickly out of a clear blue sky.
The sky is again blue; certainly many markets, notably that for US stocks, are priced as if it were positively ultra-violet. So could such an event occur again?
Categories: Americas
Who knows it might be coming once again.