Russia is oversold. While Russia may not be the best longer term trading call, present conditions look oversold.
Japan – best value in developed markets – trading at 14x ’14 PE and earnings growth momentum that dwarfs recent U.S. and E.U.
Despite a huge run in airlines stocks on a combination of structural efficiency advances, lower fuel cost tailwinds, and increased traffic there are reasons to believe the trade can fly higher.
We talked about this one on Fast Money right before numbers as we discussed other frothy internet names in our old tech vs. new tech discussion.
Watch for a big bounce in the emerging markets vs. domestic markets indexes today as suddenly the view is China is making major structural changes towards a market economy.
Out of the China Plenum comes headlines that are market grabbing. The one that has the highest interest is their claim they will loosen the one child policy.