Economic growth forecasts are getting weaker in the US, but stronger in developing countries. Of those, 2 stand out as particularly promising for investors.
Will the superior economic performance of developing economies such as China and Brazil translate into superior stock market returns over the next 12 months? Or, as the United States and the European Union slide toward slow to no growth, will the dismal performance of the world's developed economies drag all boats to the bottom?
In other words, will emerging stock markets decouple from developed stock markets in the last part of 2011 and in 2012? I think that's the most important question facing stock investors right now.
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