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After some relative outperformance, are the BRICs lately cheap enough to be a buy? Growth is...

After some relative outperformance, are the BRICs lately cheap enough to be a buy? Growth is slowing, but these days Brazil, Russia, India and China are at a bit of a discount, and many argue the long-term picture's still sound. The trick is figuring out the best way in - which might be broader, nimble funds that can buy where the bargains are.
Comments (3)
  • bbro
    , contributor
    Comments (9317) | Send Message
     
    Sensex PE....3 year high 23.93....3 year low 15.67...currently 16.59
    23 Jun 2012, 09:15 AM Reply Like
  • Ohrama
    , contributor
    Comments (505) | Send Message
     
    But India is slowing fast and the currency is collapsing (because of current account balance, I suppose, and most of the money coming inside is from Indians working abroad and not from exports). In my opinion, India is like most of the Latin American countries with too much corruption, distaste for hard work and the general population is treated as dirt with no opportunity for real upward movement. They are trained to worship diplomas (obtained through rot memorization and colleges are the growth industry) and not real knowledge (fundamental or applied). The group of folks who could afford the modern appliances (car, washing machine etc.) or buy them on loan for the prestige already have them and will live on them for next 20 plus years. India is no China and I don't know how they got combined together under the BRICs!
    23 Jun 2012, 09:46 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Despite severe tension between China and Brazil over believed one sided benefit for the Chinese they both signed a much more comprehensive fiscal agreement this week.

     

    Add this to China's aggressive swap agreements they made with 16 major countries in 2011and 2012 the setting up of Yuan exchanges outside of China. I expect much more pressure on the IMF to create more SDR receipts with 8 currencies to replace the 4 currency SDR in use now.
    These new SDRs are in use now and OPEC an BRICS will only accept them is US dollars are involved in the payment or they go completely dollarless if SDRs aren't used.

     

    Last week Brazil China and Japan stepped up to donate to the IMFs kitty,but, the US an EU said our pockets are bear.

     

    I am still holding to my belief that the US reserve status has 3 - 5 years left as the 50% devaluation overnight is the real way the US politicos can fight the monstrous debt without making the hard choices.

     

    It's coming ! Obama wins and Ben stays ! Watchout !
    23 Jun 2012, 03:21 PM Reply Like
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