Thursday, Feb 12, 2009
The BRICs may be roaring again
Bloomberg: BRICs Show No Death of Equities in Emerging Markets
The only major stock markets recording gains of more than 8 percent this year are China, Russia and Brazil, and India’s benchmark index is little changed.
That’s enough of a sign that the so-called BRICs are showing a resilience unimaginable in the U.S., most of Europe and Japan.
Posted by penbat1 @ 04:37 PM (383 views) Add Comment
4 Comments
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1. P. Riddy said...
Its not the actors on the stage, its the stage and the script. We need to change the script, and possibly the stage, not just move onto the next chapter.
2. cyril said...
I thought the rouble had gone down in value? All very well the stock market rising but no good if the currency is going down.
3. Potnoddle said...
Starting from a low base means nothing; espcially as the BRIC fell like bricks the previous year.
4. jack c said...
As an example Gartmore China Opportunities Ret Acc Fund is down 25.2% over 1 year - the fact that BRIC markets are up by approx 6% ytd is of little significance at this time of huge uncertainty.