Hi tooearly,
Pick a market, PM, energy last two years have been great.. China has been great, India has been great, US has been great.. I'm referring to long term staying power or a sea change in the global economic outlook. In a bull all boats float so to speak. I'm not burdened with needing to be right all the time so my view may change but for now I see China as the driving force. India is being pulled along..
The US markets have been in a nice mini bull for a year.. an indication in some camps of a solid recovery in the US, with only jobs wanting. The recovery has been aided by productivity, out sourcing being no small part of that phenomenon. It also helped India.
I guess what really gives me pause on India is the fact that they have been a democracy since 1947, had an ample go at capitalism, had the benefit of western know how, large English speaking population and they are only coming out now ? With that running start they should be dominating China .. all JMHO.. so while India has been a good trade, no, India hasn't impressed me yet.
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