Fisher Investments Press: Own the World: Keep Your Eye on the Globe

And how does this all tie in to global investing? Few events affect stock prices as universally as Black Monday did. Fisher Investments feels more common events, like elections and tax code changes, tend to be country-specific or, at most, regional. It takes a real doozy to have global implications.

That’s not to say some trends aren’t global. Fisher Investments notes that from 2003 through 2007, economic growth was strong around the world, thanks largely to the effects of globalization, and stocks in most countries have benefited. Before that, the nasty bear market lasting from 2000 to 2002 weighed on stocks in most countries, save a select few such as Australia, Austria, and New Zealand, which posted flat to positive returns. And more recently in 2008, a panic among investors globally has caused stocks to plummet everywhere.