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China bubble? Take a look to MEXICO..

|Includes: iShares MSCI Mexico Capped ETF (EWW)

While everyone is impressend of the China stock market recover (after a 75/80% crash) few are monitoring how silentely the Mexico index is near the all time record.

Again here we seen a complete mess. While Japan is in great crisis (index at the hand speking, if they have the magic cap for the debts), we have too see emerging markets in bubble. Ok, their shape can be in somehow better (their GDP growth), but we are on the top... in a worldwide crisis, and when the worldwide market really will rally what will happen? the biggest all time bubble on China, Mexico, India, Turkey, Gold and so on?

And I don't want mention that the worldwide sentiment with Dubai default news is on the bottom and could be very risky for those indexes at less of 5% of 2007/2008 highs.