Susan

Risk Management in Trending Markets

Excellent article.
One correction though: DBA is agricultural commodities, MOO is Agricultural stocks, not the other way round.

Emerging Markets Now Trading At Premium To Developed

How good is EEM as a proxy for emerging markets?
How is the average representative of all the countries?

Two extreme points to consider:
One Brazil proxy (EWZ) trades at about PE=13
One China proxy (FXI) tardes above PE=21

So the disparities seem very large. China with its large average market-cap pulls the averages way up.
It seems like some emerging countries are reasonably values while others are in bubble territory.

By the way, some countries classified as Emerging, like Korea and Taiwan are very close to being considered "developed" at this point.