from King World News
Look at what has turned bullish, plus one hell of a breakout.
COMMODITIES WILL SURGE: Asia Has Turned Bullish
July 7 (King World News) – Peter Boockvar: In my comments yesterday on the China stock move and Asian stocks generally, I made the bull case for them in the coming 10 years because of the growth potential, the poor performance over the past 10 years and attractive valuations. Today I wanted to include a chart of AAXJ, the ISHARES Asia stock index ex Japan and you can see its essentially done nothing over the past decade compared to US stocks. Japan itself is of course still well below where it was in 1989. I also include a chart of the Shanghai comp which is still down almost 50% from its 2007 peak.