Emerging markets stocks have produced a cum 383% return over the past 5 yrs vs 83% for S&P 500. Remember the dollar seems undervalued and could make situation worse assuming we have rebound.
Emerging markets returned about 37% for 2007 / developed nations 12% / HY 2% / US large cap 7%.
Risk is taking shape as HY bonds now return about 6 pts above the 10 yr.
2011 Flying Heart Cellars Red Wine - $5
13 years ago
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