Professor Mark J. Perry's Blog for Economics and Finance
The chart above (click to enlarge) displays the most recent 3-month returns for the emerging market stock markets (in local currency) vs. the USA (4.09%), according to data from MSCI Barra. Nineteen of the emerging market indexes are showing double-digit returns for the last three month period. 
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
Considering who's sitting within 60 miles of Islamabad, and considering that band of miscreants' chances of controlling Paki's nukes, this rate of return for Pakistan's stock market gives a whole new meaning to the maxim "buy when there's blood in the streets."
Pakistan's glory of being the top emerging market in the last three months has been faded a bit by its four-week long losing streak as Taliban forces frustrated the attempt of Pakistan's army to recapture the Swat Valley; markets and mandrassas don't mix. Read my blog about emerging markets: Riches Among the Ruins blog
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