Financials may lead market rebound in 2009
After a tumultuous 2008, the financial sector may be one of the leaders of a market rebound in 2009. The recovery might not be a rapid one, with a slight shift in focus among emerging markets, from BRIC to ICK countries. "Emerging markets like Brazil, Russia, India and China, or the BRIC nations, have tanked amid the global-asset sell-off," according to the Wall Street Journal. "As 2009 begins, emerging-market countries sporting the best earnings growth compared with current price are India, China and Korea, or the ICK countries."
Wall Street Journal, The | 31 Dec.
This story published in SIFMA Global SmartBrief on 12/31/2008
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