http://www.bloomberg.com/apps/news?pid=20601087&sid=aiUZFVXPHW5g Emerging Markets Most Expensive Since â07 When Shares Plunged Share | Email | Print | A A A By Adria Cimino and Michael Patterson STORY TO FOLLOW. Last Updated: July 12, 2009 19:01 EDT
I didn't read the article but felt compelled to repeat the adage of "when emerging markets turn into submerging markets to then be very "careful".