Blindfoldedmonkey: EMERGING MARKETS ARE POPULAR AS DENNIS RODMAN AT UN SECURITY COUNCIL MEETING

Tuesday 28 January 2014

EMERGING MARKETS ARE POPULAR AS DENNIS RODMAN AT UN SECURITY COUNCIL MEETING

There are thousands of concerns about the emerging markets, but my bet is cheap enough to start buying.

In the periphery there are glooming fears in Turkey, China, Brazil, Indonesia, Argentina, South Africa...etc. There is some sort of panic in those countries. Emerging equities are performing badly due to the slowing industrial activity, the commodity-price downturn and fears of currency meltdown. Fundamentally they don’t look good now. But don’t forget last spring the European situation seemed disappointing too and finally they made a great stock market rally. The charts are showing selling pressure technically, but in long-term might be a good bet. Cause the valutaion is so low and they are at good bargain now.


My argument is the US markets made a great 2013 year and I am sceptical about a great rally this year. So, we are moving to other markets which mean emerging markets.

Technically the brazilian Bovespa dropped last two years more than 30% and since last August rebounded and couldn’t go down further, our expectation is easily could come up to 60.000 area which means around 25-30% profit rate.


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The BFM Assets Team.

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