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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (4164)	5/26/1998 7:48:00 PM
From: Michael Burry	Respond to of 78535

James, I'm not so much complaining as I am wondering. Looks like a lot of emerging markets are headed to 20% or more correctiions. Korea is headed for new lows. Brazil is down over 17% this month. Wall Street's piddling 1.5% down day today pales to the losses upon losses in the rest of the world. Mike

To: James Clarke who wrote (4164)	5/26/1998 9:10:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78535

re Asia as contrarian bet. Here something from Worth mag. worth.com "Anyone looking for the next big market moves has got to look overseas," says Michael Landry, president of Ivy Mackenzie, international investment specialists in Boca Raton, Florida. On that point, at least, the dozens of money managers, financial strategists, economists, and analysts in the United States, Europe, Latin America, Asia, and Africa interviewed for this story were in agreement. Not one of them said the U.S. would deliver the world's highest total returns over the next one to three years, if only because overseas markets have so much more headroom. " So of course to me, the contrarian bet is to bet on USA. I am not saying an investment in Asia CEFs won't work out very well, and I'm not saying the US will be better or worse. I'm just saying, betting on Asia is what I think consensus of USA Asia "experts" are advising.