MSCI Asia

Asian Indices were the weakest this morning ahead of the FED. The slowing growth is having its impact somewhere. The MSCI EM Asia index shows the deterioration more clearly as seen in Seoul to Jakarta to malaysia or India. These markets are starting wave 3 of the next wave lower at higher degree after what was a temporary bounce. The US markets remain near all time highs confusing everyone one why this is happening. Maybe the new US liquidity is not leaving its shores and creating a crisis, as seen best in a rising dollar.