samij

It's Raining BRICs

the blog entry just doesn't make any sense and it contributes even less. just what kind of measurement is "from the peak"? if you compare more volatile market against less volatile market of course the one with more volatility is likely to be more down "from the peak" than the less volatile one, likewise it's more likely to be more up "from the bottom".

your own picture shows that three out of four bric countries developed better than the us starting from year ago.

it just hasn't been good period to be long in stock, but even if you were all cash, you'd have done way better holding bric currencies than the $.