Salient to Investors: Hertta Alava at FIM Asset Mgmt said Hong Kong is usually very safe so the riots are unexpected, while Russia’s economy is getting weaker. Dmitry Polevoy at ING said the market is getting closer to panic, while the ‘ghost’ of peak external debt payments in September and
READ MORE... →Salient to Investors: Jonathan Garner at Morgan Stanley said the problems are more than just reaction to a Fed tightening, but include declining relative return on equity compared to developed markets. The Russian Micex is at 5 x estimated earnings, the cheapest in emerging markets. The MSCI Emerging Markets Index
READ MORE... →Salient to Investors: Jeffrey Gundlach at DoubleLine Capital said: The Shanghai Composite Index is worth a speculation, but his favorite stock market long-term is India. Yields on 10-yr US Treasuries may reach 2.65% this year. Does not own any foreign currency bonds – the biggest risk in a rise in yields
READ MORE... →Salient to Investors: Flows into emerging-market ETFs have turned positive for the year, reversing outflows in the first 2 1/2 months of 2014. The most inflows in 2014 have gone to India-focused ETFs. Investors have withdrawn $1.5 billion from China-targeted ETPs over concern over economic imbalances there. The RSI of the BlackRock ETF
READ MORE... →Salient to Investors: Amundi Asset Management, Credit Suisse and Sumitomo Mitsui Trust Bank expect Hong Kong stocks to struggle as reduced Fed stimulus weighs on developers and banks that comprise over 35 percent of the index. Ayaz Ebrahim at Amundi Asset Mgmt says China is too cheap and is selling
READ MORE... →Salient to Investors: Karen Umland at the DFA Emerging Markets Small Cap Portfolio Fund is slightly overweight India, and had 15 percent of holdings in Taiwan, over 14 percent in South Korea, over 14 percent in China, and 9.2 percent in Brazil at the end of Q1. Umland dislikes Russia
READ MORE... →Salient to Investors: The Nasdaq Composite is at 35 times reported earnings versus 17 for the S&P 500. Analysts forecast S&P 500 earnings climbed 1 percent in Q1. Chad Morganlander at Stifel Nicolaus said the rotation out of high-flying momentum stocks of 2013 into more value-driven opportunities will continue in the
READ MORE... →Salient to Investors: Jim Rogers writes: The Chinese say the big session in November 2013 was as important as those in 1978 and 1993. Invest where the Chinese government or any government, especially a big government, is going to put a lot of money. Read the full article at http://jimrogers-blog.blogspot.com/2014/01/china-finding-places-where-government_20.html Click
READ MORE... →Salient to Investors: Noah Weisberger at Goldman Sachs said: The Hang Seng China Enterprises Index will rise 18 percent to 13,600 by the end of 2014, the biggest gain since a rise of 62 percent in 2009, on prospects the economy will stabilize. Commodities will lag the rally in equities.
READ MORE... →Salient to Investors: David Cui at Bank of America said China’s stocks may come under selling pressure within weeks just as surging borrowing costs preceded tumbling markets in 2010-2011, saying the crackdown on lending is different from a tightening in response to strong economic growth, often a positive sign for
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