Is this a Global Mania and if so when will this Global Mania End?

We all have a lot of money invested in the markets globally in one way, shape or form. Either we are working for companies that are dependent on the global players, or are invested in the stocks of the global companies, or are trading partners of these companies that trade across borders. Either way, we are 'invested' in them, and therefore dependent on the growth of their trade......

Is the Indian, Australian, Chinese, Hong Kong, Argentina, Brazil etc emerging markets going to continue it's growth and stock market mania or will 2007 show a topping formation that will take it all stumbling down. Neither of these markets when looked inside-out have any great reasoning to do so (i.e. future view is very bright), but it might not be any single country or market that will correct, but, it will be one feeding the other. We often call it a domino effect. As I was traveling from US to Asia in Apr'2006, I noticed this phenomenan.....So, if you have done homework to see how 2006 corrections started, and what happened, you will soon see that it was 'more' a correction of 'excesses' than a correction with logic, that started from one country, and was bleeding over to another, as if in a spiralling wave downward! If we have the same thing happen in 2007, we are starting at higher level across the board on all markets.

If you dip into the historical accounts of financial manias in classics like Extraordinary Popular Delusions and the Madness of Crowds, or even more contemporary accounts like Devil Take The Hindmost: A History of Financial Speculation