That was the best picture I could get at the NYSE. It was a great time and David Darst is a very nice guy.Index Universe has a post up about iShares wading in to emerging market sector ETFs.
Potentially bad news for EG Shares and my friend Richard Kang but probably good news for investors. The EG Shares tend to be very bric heavy which can be useful of course but there are plenty of other non-bric destinations and stocks to buy as well.
There is something to be said for emerging market investing that avoids or minimizes BRIC exposure. Obviously I am a big fan of China and Brazil but they do not have to be the only destinations.
A quick word about the CNBC appearance yesterday. I kind steered the conversation toward rattling off a bunch of countries because the way the interview was going I did not think we were giving anyone anything to work with so I tried to put a little meat on the bone to chew on. I did not get a chance to discern between Nike and discretionary because we were done so fast but basically discretionary is more short term, IMO, to ride the rally as opposed to the narrow pick of Nike having what I believe is a long term macro catalyst of lifestyle ascendancy.
25th reunion tonight in Newton, MA. One reader told me to prepare for a lot of 43 year old grandparents. Ouch.
2 comments:
For those of us who missed Random yesterday on CNBC, here is a link to the video:
http://tinyurl.com/yhzgbba
JCarr
Back in the MA homeland, I see.
Wicked hahdcore!
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