Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Many Developed Countries in Bear Markets in USD terms

Almost one third of the Developed Markets have entered a bear market in USD terms compared to the beginning of the year.

Based on the MSCI Barra Developed Country Indices
www.mscibarra.com/products/indices/inter...
and valuing all countries in USD, 7 of 24 countries are in bear markets (down more than 20%) and another 3 are down between15 and 20%.

MSCI Index     USD
Index                 YTD
DENMARK     6.02%
SWEDEN     -0.14%
CANADA       -0.54%
JAPAN           -1.44%
FAR EAST     -1.60%
SINGAPORE     -2.29%
SINGAPORE FREE     -2.29%
HONG KONG     -2.60%
NORTH AMERICA     -3.23%
USA     -3.50%
PACIFIC     -4.56%
NORDIC COUNTRIES     -6.26%
THE WORLD INDEX     -7.61%
KOKUSAI INDEX (WORLD ex JP)     -8.28%
SWITZERLAND     -9.30%
PACIFIC ex JAPAN     -9.82%
ISRAEL     -11.33%
EUROPE ex EMU     -11.40%
NEW ZEALAND     -11.52%
EAFE     -12.57%
NETHERLANDS     -12.99%
BELGIUM     -13.04%
AUSTRALIA     -13.13%
UNITED KINGDOM     -13.75%
GERMANY     -15.26%
EASEA INDEX (EAFE ex JAPAN)     -15.50%
EUROPE     -16.43%
EUROPE ex UK     -17.69%
FINLAND     -17.84%
IRELAND     -18.81%
EMU     -21.45%
AUSTRIA     -21.59%
FRANCE     -21.73%
NORWAY     -22.95%
ITALY     -26.38%
PORTUGAL     -26.67%
SPAIN     -32.38%
GREECE     -48.00%

Is it time for USD investors to buy Europe unhedged?

It must be time to consider and monitor the possibility.



Disclosure: 30% in Stock market through emerging, commodity, Australian and international funds, 70% mixed bonds (plus Australian real estate exposure)