Risky Business: Downturn Illustrates Global Vulnerability

Summary

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In Chinese astrology, this is the Year of the Pig. But if the recent downturn in financial markets continues, it may make 2007 seem more like The Year of the Dog.

China's Shanghai stock index plunge, which caused the Dow Jones Industrial Average's largest weekly percentage loss in four years, caught the world off guard.

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Risky Business: Downturn Illustrates Global Vulnerability

But the Shanghai Surprise will likely turn out to be a mere rut on a long road over the hills and through the valleys of global finance. The market jolt exposes the increasingly small financial world and reminds investors that they can't diversify themselves away from risk.

"I...

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