re: "Do we have a speculative bubble in the US stock market?? "
We have a bubble in some sectors: internet, drug, large-cap(other than tech). Others (tech, biotech, small-cap) are reasonably valued. I've stopped trying to understand why some stocks (and some entire industries) are at a PE several times higher than their expected EPS growth rate. I've listened to all the reasons various people give, thought about them, and discarded them. I'm left with this: eventually, the fundamentals will re-assert themselves. Someday those stocks will crash, and I won't be there to get hurt.
A Korea fund sounds like a bad idea. At this point, I see no clear indication of their future. They could bounce back quickly, like Mexico, or they could go down and stay down, like Japan. It's a gamble at this point, with inadequate information to make a decision.
BTW, thanks for the e-mail. |
