Lower commodity prices in the third quarter should generate tremendous investment opportunities in emerging markets, according to JP Morgan (NYSE:JPM).
Emerging market stocks should go lower in the third quarter, which should result in an “extraordinary buying opportunity,” the giant financial institution stated.
“For now markets are going lower driven by a sharp correction in commodities,” said Adrian Mowat Mowat, JPMorgan’s chief Asian and emerging-markets strategist, in the report. “The third quarter of 2010 should provide an exceptional buying opportunity.”
While JPMorgan said in the report investors should "wait" at this time before putting their money in shares of emerging market companies, they added investors are probably “too pessimistic” concerning overall global growth.
No comments:
Post a Comment