Not exact matches
As
long as KBE stays above 20.15 on a weekly closing basis, the ETF is most likely in the middle
stages of a secular
bull market.
Given recent price and economic momentum, we are reasonably confident the bear
market in EM assets — five years
long for EM equities and currencies, and three years
long for EM local currency bonds — came to an end in January 2016, and the early
stages of a
bull market look to be well underway.
This decision too often boils down to waiting way too
long because
of the trauma the investor has just been through watching the
market drop so far, plus the fact that the news / mood is still universally gloomy in the early
stages of a new
bull market.
In late
stage bull market cycles, the inevitable bashing
of long term valuation metrics comes to full fruition.