The Long Term view on EM
It hasn’t been a great period for all things Emerging recently. Predictably, analysts have turned negative co-incidental with the market falls. EPS forecasts have collapsed as this chart shows. As this article points out, however, that is a bullish sign for investors. Warren Buffet is often quoted as saying, “Be fearful when others are greedy, and greedy when others are fearful”, and this may be one of those moments. Meanwhile, aggregate Developed Market Bond and Stock valuations are at their highest level of all time, according to Deutsche Bank.