The Harvard Endowment, for one, went on an ETF buying binge, and loaded up on Taiwan too early (the ETF for Taiwan is EWT). This morning the Taiwan government reported Q2 GDP slowing to +4.3%. That's down sharply versus prior expectations and down from +6.3% since Q1 of 2008. It is global this time, indeed.
- The TAIEX Index has dropped -26% since May 19th, 2008 to 6,911.