Monday, March 23, 2009

Mobius Says Bull Rally has Begun

Templeton's Asset Management Ltd's Mark Mobius says that the bull-market rally in developing nations has begun as stocks have surged from Shanghai to Moscow on news of the US plans to buy as much as $1 trillion of toxic assets.

Mobius says " You have to be careful not to miss the opportunity."

The 72-year old investor, voted among the “Top Ten Money Managers of the 20th Century” by the Carson Group, said there are bargains in every emerging market after the MSCI benchmark fell 57 percent from its October 2007 peak on concern the global economy will contract for the first time since World War II.

Of course, nobody can accurately call the market bottom or market cycle as other analysts from Citi says that this is just one of those bear rallies.

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