Making Money Alert
The Global Rally Continues
10/06/2010
When it comes to international stocks, all systems are definitely in rally mode. Look at the charts below of two of the most widely held international exchange-traded funds (ETFs) -- the iShares EAFE Index (EFA) and the iShares MSCI Emerging Markets (EEM).
As you can see, both EFA and EEM have seen tremendous price appreciation since September, as stocks in Europe, the Far East, Australasia and the many emerging markets of Asia and Latin America have been on a no-hold’s-barred tear. Right now, subscribers to my Successful Investing advisory service are enjoying big gains in EEM, but how long this run in international markets will last is anybody’s guess.
I suspect we’ll see more upside here in October, but I also think that now is most definitely not the time to take any new positions in either of these international ETF powerhouses.