Central banks have done a good job saving the global economy from a total meltdown, but there are limits to what they can do--monetary policy can only affect the real economy up to a point. Stay alert and protect your profits. Read More

August may bring a bit of a pause to Asian markets. But Asia is still the place to be: Not only has the region's growth surprised on the upside, but increasing domestic demand suggests that its economies are better equipped to generate future growth. Read More

China and India remain hedge-fund favorites and are a hit with institutional investors that take a long view. I continue to believe that the next investment bubble will form in these markets. But that's a story for the next decade. Read More

Global markets are speeding away from lows established earlier in the month, and there's no more talk of a breaks below serious support levels. Everyone is debating the resistance levels where the rally is supposed to stop--at least for now. Read More