Tuesday, 27 August 2013

Emerging Markets Continue to be Hammered

Catching the falling knife is a very apt term right now for those in the emerging markets.

Southeast Asia especially has taken it hard, Indonesia especially.  Check out the charts and tell me those don't look ugly.  Are they likely oversold on a relative basis?  Very much so.  Will they undergo reversal anytime soon?  Harder to say.

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