Some Emerging Markets are not a mere theme

Reader comment on: Felix Salmon on 'Wall Street's Dead End'

Submitted by Steven (Thailand), Feb 14, 2011 21:32

Young new companies especially to small traders. Example: Stock Exchange of Thailand, Philippines and Laos. Double digit yields, double digit growth, single digit PE's. But don't be put off by the current ratios, that is our old normal. Bloomberg analysts worried about people on $3 a day? I don't think so. Anyone who is able to live on $3 a day must be a farmer. EM is not a theme. To find a prior corrolary you have to go back to when Christopher Columbus discovered America, not last year's Barron's or Investor's Daily.

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Other reader comments on this item

Title By Date
⇒ Some Emerging Markets are not a mere theme [93 words]StevenFeb 14, 2011 21:32
A cause [28 words]DavidFeb 14, 2011 12:06
market cap as % of GDP [15 words]sbFeb 14, 2011 11:44
good thesis, bad evidence [245 words]AjayFeb 14, 2011 05:28

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