"Emerging Markets and China Are Bomb Proof"
#1
Posted 18 October 2007 - 08:27 AM
"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!
Mark S Young
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#2
Posted 18 October 2007 - 08:37 AM
#3
Posted 18 October 2007 - 08:53 AM
"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 !
#4
Posted 18 October 2007 - 09:53 AM
#5
Posted 18 October 2007 - 11:37 AM
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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.