Uh Oh. Bad News For Bulls. Mark Mobius is Bullish. Look At His Track Record.

Discussion in 'Wall St. News' started by ByLoSellHi, Dec 30, 2008.

  1. http://www.incakolanews.blogspot.com/2008/12/another-one-for-mark-mobius-collection.html


    Another one for the Mark Mobius collection

    Oh dear, very bad news for emerging markets. The evermore ridiculous and desperate EM permabull Mark Mobius is headlined as saying this today:

    Mobius Says Emerging Markets Bottoming, Poised for Bull Market

    By Francine Lacqua and Michael Patterson Dec. 19 (Bloomberg) -- Emerging-market stocks are “bottoming” and will begin a new bull market next year as interest-rate cuts spur economic growth in developing nations, investor Mark Mobius said. “We’re beginning to see this bottoming situation,” Mobius, who oversees about $26 billion in emerging-market stocks as executive chairman of Templeton Asset Management Ltd., said in a Bloomberg Television interview from Hong Kong. “I sincerely believe that next year we’re going yada yada continues here

    Why bad? Well, if you remember back to this post dated October 9th, we had Mark Mobius saying the following at the following dates this year:

    Mobius Looking at Brazil, China, Russia After Rout (Update1)

    By Daniela Silberstein and John Dawson

    Oct. 9 (Bloomberg) -- The global financial crisis won't last long and emerging-market stocks are a ``wonderful opportunity'' for investors after their record rout, said Mark Mobius, executive chairman of Templeton Asset Management Ltd yada yada CONTINUES
    On September 15th
    Templeton's Mobius Says Merrill Deal Signals Bottom (Update2)

    "....The decisions will ``go a long, long way to stabilize the situation,'' Mobius said. ``We're probably now at the bottom and it'll be a build up of confidence from here on in, if these decisions are made.''"

    On August 20th
    Emerging-Market Retreat Is `Overdone,' Mobius Says (Update2)

    "...Mobius said he's buying as many consumer shares in emerging markets as he can."

    On July 22nd
    Mobius Sees `Good Bargains' in China, India Stocks (Update2)

    Mobius added that he favors shares in Brazil and Russia because the two markets can still benefit from the demand for energy and other raw materials.

    ``Russia and Brazil are pretty much in the same position,'' Mobius said. ``Both of those areas are swimming in excess liquidity, which will drive consumer prices as well.''

    At least people aren't laughing behind his back any more. They're laughing straight at his face. Your time is up, Mobius. Any fool looks good in a bull market.
  2. Mobius is loopy.


    good one

  3. mokwit


    Has he made any money since 1993?
  4. Spent it all on haircuts