Hobo's are better predictors than the Nikkei index.

Coucou! Okay, so smart investors don't randomly risk their own money or theirs clients money, right? A smart investor uses data, years of white knuckle experince and looking at how other index work. That's what a smart investor would do. And why not, through years of experince, the wisdom of "Money gets made in Asia, routed to Europe, and spent in New York" has been always true. So it must be true for the Markets. But actually your wrong. In reality using the Nikkei, Hang Seng or even the S&P ASX index, is worse at investors(you) which way the Dow Jones, S&P and Nasdaq will go that day. How bad? Well there is only a 20% correlation between Asian Index and North American index. So a smart investor would go outside, ask the nearist hobo if they think the market will be up or down, since this gives you a 50/50 chance. Because a 50/50 chance is better than a 20% right and 80% wrong using an Asian Index. Be smart and let hobo's invest for you, it's what the smart investors do.