Mobius: Emerging Markets Due for Pullback, and then Big Surge

Templeton Asset Management Executive Chairman Mark Mobius says that emerging market stocks are due for a significant correction in the short term, but will likely soar to new highs by the end of next year. Mobius told Dow Jones Newswires that with companies’ earnings remaining weak, the recent rise in stock prices means “valuations are now relatively lofty”, and price/earnings ratios at 20 to 30 and a tenuous economic recovery will lead to investors taking… Read More

Fisher, Others See Big Value in Russia

Kenneth Fisher and two other major money managers are making aggressive stock plays in Russia, where turmoil and problems persist but valuations are at the lowest levels of the 50 major markets, Bloomberg reports. “Russia in some ways today is just a levered play on the world,” said Fisher, who thinks we are in the early part of a global rally. “Early in a bull market, Russia is going to run more.” A big reason… Read More