Emerging Markets: Is Anything Really Different This Time?
Candy Matheson | Apr 28, 2021 12:07AM ET
With the historical "mean" value of the Emerging Markets ETF (NYSE:EEM)) around 30.00, it's had a difficult time attracting barely any interest to sustain a serious rally above 44.00 during its trading tenure, as shown on the following monthly chart.
I'll wager that we'll see price fall back to 44.00, or lower to potentially 36.00, in short order...simply because, really, what's fundamentally, different about these markets at the moment or even in the next 6 or 12 months, that would sustain a push higher from the top of an already-parabolic spike that began a year ago?
Especially, as it's almost at major resistance (the high of 2007) before it got caught up in the 2008 financial crisis and market crash?
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