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Emerging Markets, BRICs Breaking Out Of Sideways Range
FYI: merging markets continue to charge higher in 2014 after years of trending downward. Below are long-term charts of the emerging markets ETF (EEM) and the BRIC ETF (EEB) going back to 2009. As shown, the last six months (boxed in charts) have been a boon for EM as a whole and the BRIC countries. And just recently, both the EEB and EEM have broken above the top of their two-year sideways trading ranges. This range-breakout is a bullish sign for the asset class longer-term. Regards, Ted http://www.bespokeinvest.com/thinkbig/2014/8/29/emerging-markets-brics-breaking-out-of-sideways-range.html?printerFriendly=true
Comments
Other EM besides the Bric's have already left the station.
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