Emerging stock market boom over

Pamela Sampson, AP Business Writer, On Wednesday March 2, 2011, 8:04 am EST


BANGKOK (AP) -- Investors disillusioned by the implosion of Wall Street titans, economic anemia in Japan, and a debt debacle in Europe have found abundant opportunities to grow wealth in industrializing economies like China and India.
But now, as angry populations roil one Middle Eastern regime after the next, and discontent over escalating food prices and lagging living standards is heard elsewhere in the developing world, investors are moving staggering piles of cash out of emerging markets -- and back into what they hope are the relatively stable havens of the U.S., Europe and Japan.
That represents a major shift in sentiment since the financial crisis in 2008 upended conventional wisdom as to what is risky and what is safe as the U.S. model of freewheeling capitalism teetered on the brink of collapse.
Strenuous efforts by Europe to contain its debts, the ability of Japan's crucial export sector to weather a strengthening yen and strong corporate earnings in the U.S. have played a big part in convincing investors that the outlook is pretty promising for advanced economies in 2011...
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Comment: As it is said of Brazil that it is the country of the future - and always will be, so we can say of most of the emerging economy that they will go on emerging but never emerge.