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Emerging Markets Performance in 2008 and Beyond

Have you look lately at the stock markets of emerging markets? Look at their respective weekly and monthly charts.

China's Shanghai and Szenshen indeces made a 6-months back to back rally since Oct 2008 while the US and Europe were digging fresh new grounds until March 2009.

What do you call that > "false rally", "temporary", "no way"?

Now look at India, Hongkong, Taiwan, Korea, Australia, and even Japan or even the tiny "american friend", the Philippines. Their stock markets were basically not going any lower since October 2008.

How could that possibly happen. When the US sneezes they got a cold. When the US got the cold, they got pneumonia. Was'nt that the fact?

The US sneezed hard Sept to Oct 2008 and they got not only cold but pneumonia including China.

Now that the US is in ER with pneumonia, their pneumonia turned into a cold and they are already up and running since Oct 2008.

What do you call that?

Chinese bloggers call that as "Economic Revival".

Can we say the same with the US stock markets and the economy with some green shoots and still lots of weeds to tackle with?

While the consumers, which are the lifeblood of the american economy, cowers in the dark corner.

We're still warming up for the blame game with faltering steps. I'm sure there will be lots of blame to pass around once it starts in earnest.

Too afraid to look into the mirror for too long?

Everybody trying to find a dark corner instead of finding the courage to help each other out?