There is close correlation between all markets in the world. This year, the U.S. has grossly outperformed the emerging markets In Asia, we’re down between 15 percent and 25 percent in markets. In Eastern Europe, even more. The U.S. this year is a wonderful market relative to the rest of the world. I think this outperformance may go on for a while. - in Wall St Sheet Cheat
ETFs, iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
