PS - I am not trying to fulfill anybody's end of the world prediction here - I'll be buying this dip once I think it's overdone.
Keep an eye on the NIFTY, I expect that it will get a small correction soon. There was a Long view column on FT and an article in Bloomberg suggesting that EMs are currently overpriced, suggesting people should buy them when they become cheaper. Wait for the dip and buy it - there's good money to be made going long on EMs in the long-term. In the short-term, expect some pain.
A fun fact, China's biggest capital inflows have been in the West and they're expecting to invest in us, while we're investing in EMs (the irony!) - won't comment on who's right as it's going to disappoint both sides!
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PS - I am not trying to fulfill anybody's end of the world...
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