Bargain Hunters Beware: Is the Rally for Real?
Key Points
- Don’t mistake the double-digit rebounds seen in some emerging markets this month as an all-clear sign to snap up bargains.
- Just because stocks in Brazil, South Africa, and Russia are inexpensive doesn’t mean they are bargains.
- However, long-term investors may find value in the growing emerging economies of India, Mexico, Taiwan, and South Korea.
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