Shitzu...

Once we were American poodles.  Now we look like Chinse Shitzus. Yesterday, around midday, the All Ords had a plunge, not a slide but a plunge down a cliff after China announced a not-so-good PMI (a measurement of manufacturing activity).

But the truth is, we are both kinds of dog.  Yesterday, the DJI went up by 0.60%, so the SPI is up!  Unfortunately, I have never seen a two-headed dog before so while the money comes via Yankee institutions, our long term valuation is a shitzu.  Soon, we will be eating with chopsticks; I already do.