I think it depend on which emerging economies you are talking about. But in general, in Asia we had huge moves over the last 18 months and the markets became very overbought, there was a lot of enthusiasm, a lot of foreign money inflows and I think we have now everywhere inflationary pressures in these markets.
And than when something like Egypt happens, people have second thoughts about investing in emerging economies. So the money flows back to the developed markets. That`s why I think for the next 3 months the US may outperform emerging economies stock markets. - in Bloomberg
Related ETFs: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM) , Market Vectors Egypt Index ETF (NYSE:EGPT) , SPDR S&P 500 ETF (NYSE:SPY), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
