I'm not convinced that equities have hit bottom, but I do know we must be very close. One area that has sunk faster than the S&P 500 is emerging markets. While the broader markets have been down about 35-40%, emerging markets have dropped 50-65%. Even though I don't know that we have seen the bottom yet, I do know that entering emerging markets at this time has become almost irresistible.
How can one possibly resist a graph like this...
Vanguard's Emerging Markets ( VWO ) Exchange Traded Fund is at its lowest point EVER since it's inception - $22.19 !!! Yes, emerging markets are perhaps one of the most risky areas, but it's going to be quite difficult to lose money at these prices.
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