EM being the largest could also mean that investors need an easy way to get invested in the world's smaller exchanges, and VWO is a lot easier than calling your broker to buy a foreign ordinary onn the Kuala Lumpur exchange.
> Of interest, it appears as if the P/E ratio is related to rule of > law. Corrupt countries demand a higher P/E ratio. Might I suggest > normalizing the P/E ratio with a corruption index and an accounting > accuracy index.
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looks like a descending triangle formation forming (static lows, descneding highs), usually puts downward pressure on shares. Credit spreads are tightening across the globe as well. Tom's fundamental story aligns with the technicals - exercise caution.
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On Jun 25 01:45 PM InnocentsAbroad wrote:
> Of interest, it appears as if the P/E ratio is related to rule of
> law. Corrupt countries demand a higher P/E ratio. Might I suggest
> normalizing the P/E ratio with a corruption index and an accounting
> accuracy index.
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