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Goldman, JPMorgan advise ducking out of emerging markets
I live in Brazil, and my two cents' worth is that equities here are cheap but blood is not yet running in the streets. It's not a bad time to buy from a long-term perspective but my bet is it will get cheaper.
But of course if I knew these things for sure I wouldn't need a day job.
6. Emerging market investing continues to prove treacherous. Strong leadership and growth policies in Mexico and South Korea result in significant appreciation in their equities, but other emerging markets fail to follow their performance.
Comments
http://www.zerohedge.com/news/2014-01-07/muppets-crucified-after-goldman-closes-one-its-top-trades-2014-135-loss-less-week-20
Regards,
Ted
http://finance.yahoo.com/blogs/daily-ticker/the-emerging-market-rout-will-continue--but-that-s-great-for-the-average-american-191400669.html
But of course if I knew these things for sure I wouldn't need a day job.
6. Emerging market investing continues to prove treacherous. Strong leadership and growth policies in Mexico and South Korea result in significant appreciation in their equities, but other emerging markets fail to follow their performance.