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The modest actions Friday could simply be that investors are “a little little bit exhausted,” said Paul Zemsky, head of asset allocation at ING Investment Administration. “The fundamentals would indicate we ought to be greater.” Stocks have been on a regular climb for nearly two months. A pause, especially subsequent powerful earnings the previous few times, “is completely natural and maybe even anticipated,” Zemsky said.
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Andrew Lawrence proposed the Skyscraper Index in the aftermath of the 1998 Asian Contagion. His theory says that the world’s tallest structures have risen on the eve of economic downturns. That is, nations that put up the globe’s tallest structures enter an economic downturn shortly thereafter.
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