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IBDvalueinvestin (96.41)

Bloomberg guest analyst said to sell emerging markets today

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June 02, 2009 – Comments (2) | RELATED TICKERS: FEED , VCP , MTL

saying its overbought? My question is overbought from where the oversold lows we hit lol.

Emerging markets still down over 50% from highs in 2007-2008.

2 Comments – Post Your Own

#1) On June 02, 2009 at 11:47 AM, AdirondackFund (27.28) wrote:

Yeah, it's overbought.  Especially once you consider how easy it is to go there, you know, and get a building permit.  I think the 'permits' are in GREEN, and you pay whatever they want, which typically is ALL. 

I was so impressed with Mexico City's Chief of Police's 'summer cottage' in Zihuantanejo.  It kinda looked like the Parthenon.   

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#2) On June 02, 2009 at 11:50 AM, dudemonkey (92.06) wrote:

I love how someone thinks they can blanket all emerging markets with a generalized "sell". 

That dude is still going to be making bad market calls while I'm sitting on the beach of an emerging market sipping an emerging drink nursing my emerging hangover caused by too much sitting on the beach sipping drinks.

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