Some Signs of Stabilisation and Buying for Emerging Market Countries At Last! Caveat Emptor....
I finally saw some signs of a turnaround for a few emerging countries. I shan't disclose it on this blog yet. The signs are tentative and it may still be a flash in a pan. The MSCI World, Emerging Markets, Europe, Asia ex Japan, European equities are still down so I'm not sure if the two or three countries can turn up. But it does give me a sign that the correction may be over soon. My take is that there will be another 5 - 15% downside for most markets to go. The bottom will be either in Nov or Dec 2018. I hope the fall will be huge, because the bigger the fall, the bigger the rise. If 2018 is a horrendous year for equities, 2019 is likely to be a fantastic year! Shore up your money. Be ready to deploy them. But stay short. Because the down trend has not ended!
