2017-08-11 —

It's a point also made by Mark Mobius, the Templeton Emerging Markets Group executive chairman and apostle for emerging-market investing. He said in a May interview about the prospect of a North Korean nuclear conflict: "there's nothing you can do about it -- if something breaks out, we're all finished anyway."

Maybe that's why the worst day this year for the Kospi index of South Korean stocks was July 28, which was all about a global tech-stock retreat and nothing to do with geopolitics.''

Or perhaps we're still just predominantly in "bad news is good news" mode...

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