Selling the German DAX as a hedge or to directionally play weaker Europe or PIGS contagion (Portugal, Italy, Greece, and Spain) has been a bad trade for a lot of people. Germany will print record EPS this year. Global slowdown for the exporting engine of the world? Not so much.
What does this say about emerging markets? It says emerging markets are strong and never got that weak.
Anyone who can keep their eye on the ball and not lose their wits in market chaos can be well rewarded for fundamental analysis -- although easier said than done...
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.