Seeking Alpha

After getting smoked in 2011, emerging markets are set to rally next year on the back of cheap...

After getting smoked in 2011, emerging markets are set to rally next year on the back of cheap valuations, strong domestic demand (overcoming slowing growth in developed markets), and easier monetary policy, says Jonathan Garner, (curiously) the Chief Emerging Market Strategist for Morgan Stanley. Emerging Markets ETF: EEM -21% YTD.
Comments (1)
  • Agree, curiously the developed world has blown away the EMs but has none of the right stuff to do so. Go figure, EMs will be the place to be - even if it only gets to equal S&P PE averages, let alone the 10 year premium of 20% above.
    16 Jan 2012, 09:35 AM Reply Like
DJIA (DIA) S&P 500 (SPY)