Global caution signs you need to heed

Be alert, but not alarmed. There are global warning signals that all investors should tune into.

Last night was full of bullish signals for global markets. The easiest path for a commentator is to jump on the upward bandwagon. Yet, this morning as I looked at an array of deeper events, I found myself being bombarded with sharemarket correction warning signs. I am always nervous about predicting share corrections, especially when the market itself looks, at worst, benign. But I would not be doing my job if I did not pass on the warning signs crossing my desk.

I hope these signs are wrong, but I fear they are not. But please do not prepare to jump off a cliff. I am urging caution not suicide.

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