MDA - Market Direction Analysis

[Ace Hanlon]

From an interview in BARRON'S today with Martin Barnes, editor of the respected BANK CREDIT ANALYST.



Q: What's your favorite asset class at this point?
A: Emerging markets offer the best value. It is a volatile and niche asset class, but the conditions
are in place for emerging markets to do very well. They are cheaper than they have ever been.
They've got a very positive liquidity environment. Other major markets are much trickier. Europe
looks cheap, but the economics are terrible and the rise in the euro, which could increase a lot
further in the next few years, is going to be deadly for European profits.


Glad that Martin agrees with me on the emerging markets.