Emerging Markets “Best Opportunity in Three Decades”
by Jimmy Mengel, Outsider Club:
Warren Buffett once quipped, “Only when the tide goes out do you discover who’s been swimming naked.”
Since the tide receded on the emerging market rally after the 2009 crash, it has exposed some markets to be naked as jaybirds.
But while emerging markets may be a tad threadbare these days, I don’t believe they’ve all been skinny-dipping…
Emerging markets appear to have bottomed out.
Even the BRICS nations — Brazil, Russia, India, China and South Africa — which are supposed to be the beacon of hope for emerging economies, have struggled mightily over the past couple years. (You may have heard the “submerging markets” joke rolled out once or twice.)
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