Bespoke Invest shows of the relative (horse racing) performances of BRIC countries.
According to Bespoke, ``After leading the BRIC countries (Brazil, Russia, India, China) in year-to-date performance by a wide margin a few months ago, China is now doing the worst... Russia's stock market is now doing the best in '09 with a gain of nearly 100% (98.5%). India is up the second most at 77.5%, followed by Brazil at 62.4%, and finally China at 52.6%. And while the other three BRIC countries remain in nice uptrends, China looks quite the opposite."
It would appear that Bespoke likes to "pick" on China for unknown reasons.
Nonetheless, we would like to add that Russia's RTSI earlier fell almost 30% from its MAY 2009 high prior to this recent outperformance. So the May decline served as a "bear trap" for any BRIC skeptics.
And considering the still loose monetary environment, China's market via the Shanghai index could replicate Russia's performance.
Ticker tape reading today's activities into the future isn't guaranteed.
According to Bespoke, ``After leading the BRIC countries (Brazil, Russia, India, China) in year-to-date performance by a wide margin a few months ago, China is now doing the worst... Russia's stock market is now doing the best in '09 with a gain of nearly 100% (98.5%). India is up the second most at 77.5%, followed by Brazil at 62.4%, and finally China at 52.6%. And while the other three BRIC countries remain in nice uptrends, China looks quite the opposite."
It would appear that Bespoke likes to "pick" on China for unknown reasons.
Nonetheless, we would like to add that Russia's RTSI earlier fell almost 30% from its MAY 2009 high prior to this recent outperformance. So the May decline served as a "bear trap" for any BRIC skeptics.
And considering the still loose monetary environment, China's market via the Shanghai index could replicate Russia's performance.
Ticker tape reading today's activities into the future isn't guaranteed.
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