Investors are starting to capitulate with foreign emerging markets investments.
In 2009, the story was that emerging markets would obviously do better than the US. There was so much more room for them to grow….and China was buying all our debt. Soon they would own us.
By Mid 2013, the story had changed. Emerging markets had underperformed the US for several years. Now might be a buying opportunity! Valuations looked good.
Now at the beginning of 2014, investors ...More →