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Oversold bounce due for Emerging Markets (EEM) |
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| Nov 12, 2008 06:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, India, China, Brazil, Russia, Newsletters, Mutual funds, Mexico, Eastern Europe, Stocks to Buy
"This recommendation is based on the belief that the initiatives of policy makers across the globe will trigger a sustained, short-term bounce between now and the end of the year. "First, the policy responses to the global economic crisis have been both massive and coordinated. These efforts combined will ease the shortage of dollars that has ravaged emerging markets. "Second, emerging market equities are as cheap as they have ever been. The benchmark MSCI Emerging Markets index is trading at a P/E in the single digits, down from 18.5 a year ago. Continue reading Oversold bounce due for Emerging Markets (EEM) Oversold bounce due for Emerging Markets (EEM) originally appeared on BloggingStocks on Wed, 12 Nov 2008 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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