
Morgan Stanley Capital International Emerging Markets Index through September 1, 2009.

Morgan Stanley Capital International Emerging Markets Index through September 1, 2009.


Even the ghosts are bullish
Part of my induction onto the main trading floor of the Philippine Stock Exchange was an intro to the phenomenon of “Ghost Month”.
According to Chinese tradition, which is exceptionally strong in the Philippines, late August ushers in Ghost Month on the Chinese lunar calendar. If folklore is to be believed, it’s bad luck to buy things, bad luck to start new business, and bad luck to do much of anything during Ghost Month.
MIT World
Harvard University/George F. Baker Professor of Economics
National Bureau of Economic Research/President Emeritus