Friday March 7, 2014
Michael Gayed has some very interesting comments concerning emerging markets. While he takes around the issue in this piece, his point it that emerging markets are wildly under valued compared to the potential over vaulation of the US Markets.
Let's connect the dots.
Gold rallies out of ultra lows for mining stocks since December.
Crude OIl tops $100, Natural Gas hits five bucks.
US Stocks take on Everyready Bunny status and keep on going.
But emerging markets are trashed. Brazil bonds yielding 10%.
We will take a longer look this weekend. But it could be that with commodity prices rising and emerging markets beat down, the emerging markets no one wants to buy now might just surprise the rest of the year.
I suspect near no one bought the miners Dec 31 but the percentage returns since have been spectacular, they always are when one buys at a bottom.
More to follow this weekend....Thanks for reading TMP.
PS Until then, The Case for Never Retiring Interestingly my weekly newspaper column suggests that most folks are totally unprepared to 'retire.l' The idea of 'retirement' is only about one hundred years old, and it may have already seen its best days. The UAW is shrinking, cities are way short on funding their Defined Benefit Plans, the DBP is likely as gone as the Triceratops, and older workers keep the jobs millenials might want...