Monday, November 9, 2015

Emerging Markets: Match Meet Dynamite

One doesn't "predict" what's already happened. To equivocate is to convey an unwarranted sense of complacency...the house has been packed full of dynamite by the same people who have no idea what's coming...

As expected, strong dollar and weak oil are not "helping" Emerging Markets which are making their next leg down following an a-b-c retracement:

EM stocks with S&P 500:

EM Currency:

EM Debt (local currency):

Malaysian stocks:

UAE Stocks: "__________!!!"