In the Asia-Europe Meeting (ASEM), being held in Beijing the last few days, world leaders are recklessly calling for "increased regulation of financial markets." This, LNR warns you, will certainly prolong a global economic slump. Increased regulation slows growth- by cutting lending. Without aggressive and somewhat risky lending, you do not get dynamic economic growth. Aggressive and risky lending did NOT cause the current economic meltdown, financial institutions were not adhering to regulations already in place- this is what caused it- but certainly not for the lack of even MORE regulation.
Dow Jones Keeps Edging Lower
As LNR reported many days ago, unlike the optimistic mainstream media that jumps for joy each time the market gains a bit, its clear the market is experiencing ever lower plateau's at the end of each trading session. LNR already informed you that the next, significant resistance level would be 6,900 to 7,200. There we will see sustained market support from large fund managers who need to keep vested in several of the major large caps.
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