iShares MSCI South Korea Index Fund(ETF) (EWY)

chestbeard (25.33) Submitted: 3/03/08 8:43 PM : Start Price: $55.59 EWY Score: 21.31

I lived in Korea for a few years. It's not an emerging economy -- I was told constantly about how they're set to crack the top ten. Remarkable turnaround story and even Seoul could become a pleasant place in a few years. I'm calling this an underperform because the links with the U.S. Some friends opened local accounts and made serious money on the Kospi in the last couple years and I expected the FTA with the U.S. to boost things. Now, with two protectionists duking it out for the Democratic bid and a recession underway, I'm not so sure. Over the long term, it'll do well -- a lot of world-class companies and science, a generation of very creative kids (not having to lock up all the young men at their most promising ages in the old-man factory of its sad army would be a tremendous boost) -- but for now, it'll head down with the U.S. market. Still too dependent on exports and the Won is appreciating, plus protectionist sentiment is on the rise everywhere. Plan on buying this again in a few months, hope to sell it off before World War III starts.

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