The SMI index started falling already a week before the tsunami in Japan, so the fear of reduced exports to that country can't be the only cause. There is obviously also the increased cost of production due to the higher oil price and export problems because of the low exchange rate for the euro and the US dollar. I am, however, considering to buy an ETF on the SMI, for example the
CS ETF on SMI (SIX:CSSMI), when the time seems right. It is difficult to interpret charts in the current volatile situation. Are we seeing the beginning of a world-wide downturn or is it just a temporary dip of the SMI?
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