Asian Markets Wilt

Asia stocks wilt, stagflation lingers

http://biz.yahoo.com/rb/080630/markets_global.html?.v=1

Nikkei 225 5-year chart

http://finance.yahoo.com/q/bc?s=%5EN225&t=5y&l=on&z=m&q=l&c=

Shanghai Composite Index 5-year chart

http://finance.yahoo.com/q/bc?s=000001.SS&t=5y

POTC warned of these market inversions many months ago. Asia is important to many, and we called it EXACTLY right, Shanghai prints yet another 52 week low tonight. We believe the Chinese bottom will come many months after the U.S. S&P... caution. Although we criticize Jim Cramer now and then, we give him credit for finally coming around and avoiding Chinese stocks" ...