4 replies to this topic

[OEXCHAOS]

"People have become more pessimistic about the developed world and emerging markets are seen as the oasis," said David Bowers, an independent consultant to Merrill Lynch on the survey.




"There is a cast-iron belief that emerging markets and China are bomb proof when it comes to the rest of the world slowing."


http://www.reuters.c...20071018?rpc=44

Yeeek!

[hiker]

ck out the ULT and ADX levels on weekly charts of some of the FXI components... TA does work, in advance. warning sign closing basis since last week, all over the charts.

[NAV]

"People have become more pessimistic about the developed world and emerging markets are seen as the oasis," said David Bowers, an independent consultant to Merrill Lynch on the survey.




"There is a cast-iron belief that emerging markets and China are bomb proof when it comes to the rest of the world slowing."


http://www.reuters.c...20071018?rpc=44

Yeeek!

Thats' right ! There are about 3 billion plus to panic in India and China alone !

[Cirrus]

Those charts are a wall of worry for the materials and energy stocks in a sense. I am waiting to buy more--especially energy--when the 'correction' comes--if it does. The last Chinese/emerging market correction crushed the energy and materials sectors.

[pdx5]

[
Thats' right ! There are about 3 billion plus to panic in India and China alone !

However only about 10% of those 3 Billion people own stocks. So
that leaves 2 Billion 700 Million potential stock speculators still
available! They are buying stocks on credit cards!

The bubble in those two countries is a real doozie. Very risky trying to
pick the top here. When the crash comes it will be doozier.

p.s. By the way the word doozie comes from the grand old automobile Dusenberg,
one of the best cars ever made. It was a real doozie.

Edited by pdx5, 18 October 2007 - 11:42 AM.