Yeah, I took heart from the same article. interactive.wsj.com
The Aseans really do looke like they should be avoided for a while. Basically because they are not letting the market fully wash out the overvaluation. Doing things like forcing the big banks to take over the small ones. (Rather than liquidate their real estate in an orderly, but What the Market Will Pay price, as our Resolution Trust did in the 80s.)
They're acting like Japan (which still has overvalued real estate and stocks, generally, IMO) and accordingly still is not strongly recovering.
Doug
PS, the Barron article on Growth At a Reasonable Price was also quite good. Well, its my investing philosophy, so of course I like it.
Makes me think my WDC and APM, heck, my whole portfolio, ought to get a nice kick next few weeks.
Doug
PPS, I don't suppose you know of a list of ADR's by country, do you? Would be a great starting place for a bit of research. Like to find some stuff for India to take a look at. |
