[pcabc]

As I'm a noob I wonder if this question is appropriate here:

I'm noticing that most shares seem to correlate quite strongly with the various indices and that UK, US, European and Japanese indices seem to be closely correlated as well. E.g. most things seem to be dropping right now and I suspect things will all go back up when we get out of the current pullback.

As an example of correlation a Nordic fund I bought into a month of so back seems to very closely match the FTSE250.

This seems to negate efforts to diversify outside ones home market. The only things that seem not to be tightly correlated seem to be going down or at best widely fluctuating with an overal very long lumpy trend.

It would be nice if diversifying would smooth out the peaks and troughs, but I can't see a good way to do it. What do other people do, just not worry about it?