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. Tuesday, April 28, 2009
Pakistan Tops Emerging Markets for 3-Mo. Returns
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.
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."
ReplyDeletePakistan'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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