Oil is down again.
Russia, Venezuela and other big producers are feeling the pain. The S&P 500 index of U.S. stocks is up 9%
year to date while emerging markets are down 9%. So should we sell our emerging markets funds
now? Only a crystal ball can tell you
that. The collective wisdom of all stock
market investors says emerging markets stocks are priced fairly to reflect
their problems. They may go up or down
from here in the near term but if you have a well-diversified portfolio, any
one holding should not hurt you much and when it starts growing you will be
glad you didn't sell.
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