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It’s GLD, b*tch!

The Compound and Friends

CHAPTER

Emerging Markets - I Got You.

Every rally in emerging markets back to 2010 has failed. There's no way anyone's going to believe in an emerging market rally unless it goes on for four years. So let's see what kind of bounce we get. We got a little bit of a bounce. Plus historically, there's been a positive correlation with commodities. This is now a growth index. Not so much that EEM has done so well. Most people would not believe that emerging markets, even in dollar terms, have outperformed this in P500 over the last year. That's pretty crazy. I wouldn't believe it. But there's your denominator fallacy,. It's because the denominator there is a growth heavy

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