Hat tip to Bespoke Investment blog for putting together this table. Unlike the past few years where a lot of well known developing countries were near the top of the list - 2011 thus far is not shaping up to be that type of year. Bulgaria... Venezuela.... Sri Lanka? However as we noted a few weeks ago, 2011 has been a shoddy year for BRICs [May 6, 2011: 2011 Has Not Been Kind to BRIC Nations]. Indeed India has been the third worst market in the world, with Brazil sixth. This should set up some outperformance in the coming year or three, but for now they are quicksand. Canada has been a surprising non performer as well, considering the reliance on commodities.
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows