But, its once in a while that such news reports emerge...highlighted by one of the most read and respected blogs on global economy...Mish (on my reading list). Its reports like these that are hard to ignore.
Also, for traders in Indian stock markets, Nifty looks set for a minor correction (i could go wrong here) but just a minor one as there are good number of supports within 10-15% range. Post that, it looks set for another rally...I'm inclined to take a contrarian approach here - almost whoever i still speak to (on markets) is of the opinion that markets have run-up quite a bit and should see a major correction from here on...desist from fresh investments, etc. Its exactly this thinking that's going to keep people nimble and cautious...not a very good recipe for a crash !
A quick chart for those interested:
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