EWZ and emerging markets stock suck

Discussion in 'Stocks' started by stock_trad3r, Jul 9, 2008.

  1. stock_trad3r

    stock_trad3r

    It is now time to avoid emerging markets ETFs such as EWZ and FXI. I have been telling people to buy EWZ since it was at 57, but not anymore.

    EWZ is highly weighted in steel, iron, and oil services stocks, which suck compared to potash and coal. EWZ consists of such crap stocks as RIO and PBR. Oil services sucks because china, india, and russia are moving to coal because oil has become too expensive and difficult to drill.

    The only way to pay the merging markets growth story is to buy potash and coal stocks. Avoid everything else.

    PCX BTU KOL POT MOS IPI
     
    #1     Jul 9, 2008
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  2. S2007S

    S2007S



    EMERGING MARKETS are finished, that trade is over and has been since the 1st qu of 2008.
     
    #2     Jul 9, 2008
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  3. nazzdack

    nazzdack

    When emerging markets turn into submerging markets.......yada, yada, yada....:)
     
    #3     Jul 10, 2008
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