I've came across an article on Barrons this week end stating that "After a 20% plunge in just three months, emerging markets, including China, India, Brazil, Taiwan and South Korea offer strong economic growth at a discount price."
I mean .. give me a break ! The US economy is already in recession and it will probably be as worse as the one we had in 2007/2008, so what's the point of encouraging people to buy Emerging markets here ?
It sure will be a great long term play, but I would assume that given the fact the US is very likely heading into recession, i would rather wait to see this kind of action in EEM (emerging markets) before stepping in.
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