To: Elroy Jetson who wrote (58835 ) 12/27/2009 11:55:46 AM From: elmatador Respond to of 217749 analyst for a U.S. firm would need not only to go overseas for research on a domestic investment story, but to Brazil of all places. Bhupinder Singh, an equity analyst with J.P. Morgan in New York, flew to Brazil last week to ask 150 investors how they thought U.S. equities would perform in 2010. Mr. Singh came away with the sense that Brazilian investors were actually quite positive about the United States. The BRIC countries have owned the 21st century — so far Saturday, December 26th, 2009 | 6:10 am Canwest News Service Bhupinder Singh, an equity analyst with J.P. Morgan in New York, flew to Brazil last week to ask 150 investors how they thought U.S. equities would perform in 2010. Mr. Singh came away with the sense that Brazilian investors were actually quite positive about the United States. Far more interesting though, is the idea that an analyst for a U.S. firm would need not only to go overseas for research on a domestic investment story, but to Brazil of all places. The message is that, if the 20th Century was owned by the United States, then so far the 21st has been dominated by emerging markets. “We don't know with any certainty if emerging markets will lead the United States, or vice versa, during the next decade or in the coming years,” Thomas Lee, another J.P. Morgan analyst, wrote in a note summarizing Mr. Singh's sojourn into South America. What is certain, as the report points out, is that emerging markets have outperformed the S&P 500 in eight of the past 10 years, posting a total gain of 98% while the U.S. index dropped 24% during the same period. Now, when anybody talks about emerging markets, the buzzword “BRIC” is often heard. It's an acronym coined by economist Jim O'Neill, head of global economic research at Goldman Sachs, in 2001. It describes four countries –Brazil, Russia, India and China– that are poised to overtake the developed world by 2050. So far, the group has met expectations. Data released from Reuters this week show GDP among the four countries has doubled since 1998. In China and India, it has tripled in the same period. Foreign direct investment practically doubled in Brazil, Russia and India between 2006 and 2008. Now, as we turn the corner into a new decade, this page takes a look at the state of these four markets and some suggestions about where to put your investment dollars. kelowna.com Does that sounds od Decoupling? OR Is it coupled the other way, whereby the US depend on the BRICs? We have own 1% of the new millenium and 10% of this century. We need to own at least a good half century to be satisfied.