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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Comment by gabrielgrayon Jun 02, 2008 12:25pm
272 Views
Post# 15134742

RE: financials are out--SMF

RE: financials are out--SMFI'll grant you there's no buying fever in the chart--volume has been fizzling for months.  But on the other hand, EXM was halted just about the time the junior gold & silver charts turned up.   MAI/MNEAF ran from the $1.20's to $1.60 in the last couple of weeks.

EXM has been sold since the fall of Byzantium, with no good reason other than risk aversion in the broader markets.  Oil is off its peak, but $128 is still a high price that will feed through into consumer price inflation, and the central bankers are still running the presses night and day.  I see where the Fed is not only taking over student loan bonds, they're even talking about taking foreign mortgage bonds onto their balance sheets.  Anything to get more dollars out there!
It's not totally unreasonable to look for some buy interest in EXM when they finally uncork this bottle.  I hope.
I guess we'll find out soon.
Good luck!
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