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Templeton Emerging Markets Inco Message Board

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  • chiquitbumbalabimbomba chiquitbumbalabimbomba Oct 7, 2008 7:47 PM Flag

    Time to buy?

    I doubt this will V-bottom and go straight up from here, as it's done many times on the past. I just don't see where the buying is gonna come from.

    So I'm only buying at even cheaper prices, though I'm not selling what I already have. If it bounces 10 or 15% may lighten up in preparation for another drop.

    For a while there I thought we had bottomed but I think there's still a lot of people out there who are gonna panic and sell at any price in the coming weeks and months.

    I think in this environment yield is irrelevant, getting it at a price that will eventually generate large capital gains is more important.

    And why buy this only hoping for 20% cap gains + the yield when you can probably buy emerging market stocks that may generate 100% capital gains in the next few years.

 
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