Emerging Markets

A couple of entries ago (November 2007) I suggested that the emerging markets were a bit beyond rational exuberance and called for a 20 percent decline in the short-term.  Nothing has changed in the past couple of weeks except we are closer to rational pricing.  The 200 day moving average, about $135 on EEM will make an excellent entry point. 

Patience is the hardest part about investing.  For those that know me, waiting is not something I enjoy.


Posted by Bradley Fluetsch at 11/19/2007 9:10 AM
Categories: Speculation
 

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