The emerging-markets decade
A couple weeks ago I ran a list of the ten hottest global stocks of 2007 (India! India! India!). Now here, courtesy of Joe Quinlan at Bank of America (no link, sorry), are the world's ten best-performing stock indices (in dollar terms) since the beginning of the decade (century, millennium, whatever):
1. Ukraine PFTS Index
2. Russia RTS Index
3. Peru Lima General Index
4. Slovak Share Index
5. Kuwait SE Index
6. Ljubljana Stock Exchange Index
7. Nigeria SE All-share Index
8. Estonia Tallin SE Index
9. Pakistan Karachi SE Index
10. Qatar Doha Securities Index
Go Lima! Go Karachi! Go Ljubljana! The Nasdaq, in case you were wondering, ranked 50th, the Dow 53rd, and the S&P 500 59th. The only First World index in the top 20 was Vienna's, at 12th.
Update: Merrill Lynch "U.S. Sector Strategist" Brian Belski just got back from a trip to Europe and writes:
In our 18-years in the business, we have never experienced more disdain surrounding US asset classes as we did on a recent trip to speak with European clients...
With such uniformly negative feelings about US stocks, we have to believe that a major long-term bottom is approaching.
-
1
We need a new US market.
We need to invest in the US and I have a solution that the tobacco industry should start getting involved in.
This country needs a new market one that the US is very good at.
Well, what products do Americans export the most? I am not an expert but I see Coke Budweiser and Tobacco everywhere around the world.
We sell chemical mood enhancers around the world at superior product quality and for cheaper cost than anyone else in the world. We need to tap into the new market that marajuana could offer our farmers and this country.
We need a president that will step outside the box take a stand and recognize this opportunity to bring the US back to a top exporter, create jobs, help farmers and reinvigorate the economy.
There is a demand for this product. A product that is safer than alcohol and all natural with little need for addities or preservatives. You can grow it again and again fairly quickly like tobacco.
We sell caffiene, nicotine and alcohol all which have pluses and minuses, marajuana has them too and we have the best farmland in the world. We could be the top suppliers in the world on a global scale.
Imagine the possibilities if the tobacco industry got involved and started this market and got taxed.
This country would be out of recession and a huge boost to the economy would occur and desperately needed jobs would be instantly created.
Guaranteed.
What are the reasons that these politicians deny this market that we could tap into?
We would have such a boost to the economy we could fund universal healthcare like they have in every other civilized country.
This country was founded by people with a pioneering spirit. We need a pioneering president to break new ground open new markets and rejuvenate this country and get us to love it and believe in it once again.
Strengthing the home and heartland especially USA farmers would make this country strong.
-
2
"a major long-term bottom is approaching."
It seems that it should be "a major long-term top was just passed"
- TIME The road to World Cup glory | http://su.pr/4BIr6L - 8 hours ago
- TIME Twitter App Showdown: Echofon Pro vs Tweetie 2. There can be only one. (via @techland) | http://su.pr/2NRR4C - 11 hours ago
- TIME The National Zoo's panda is leaving. See pictures here | http://su.pr/1wUNuY - 11 hours ago
Most Popular »
- Tennessee Mayor Accuses Barack Obama Of Hating On Charlie Brown, Peanuts
- Wii Fit Plus Review
- NV Sen Poll: Reid In Trouble
- Obama Shifts Date of Copenhagen Visit
- The PlayStation Turns 15, We Reminisce
- 'Forgotten Man' II: Two-Thirds of Jobless Blue-Collar
- 135 Money-Saving Resources and Tips, Special Holiday Season Edition
- Twitter App Showdown: Echofon Pro vs Tweetie 2
- False Economy: Think You're Saving Money? Think Again
- Loving The Joke
- How Strong Is the Evidence Against Amanda Knox?
- Will Federal Spending Mistrust Mean the End of Obama's Audacity
- Amanda Knox, Convicted of Murder in Italy
- Amanda Knox Testifies: The Murder Trial That Has Gripped Italy
- Nicolas Sarkozy: A French Paradox
- Helicopter Parents: The Backlash Against Overparenting
- Astronomers Spot Planet-Like Object GJ 758 B in Orbit
- Foxy Knoxy Case Still Roils Italy
- Hate Your Job? Here's How to Reshape It
- Are TV Chefs Taking on the Latest Diet Craze?
Quotes of the Day »
RSS