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Don't Get Hit By a Falling BRIC

A credit bubble (China), inflation (Brazil), and the threat of war (Russia) have made BRICs a dangerous place to invest. Is the worst over?"BRIC" is an acronym for Brazil, Russia, India, and China that was introduced in 2001. Enthusiasm for investing in stocks from BRIC nations rose in the mid-2000s as mega-emerging markets outperformed developed stocks (NYSEARCA:EFA).Today, the BRICs (NYSEARCA:BKF) look like an oddball collection of dysfunctional countries – each with their own distinct problems.The latest HSBC Emerging Markets Index (EMI) fell for the fourth month running to 50.3 in March, from 51.1 in February and the performance of BRIC stocks is unmistakably bearish. The chart below illustrates the massive sub-par performance of the BRIC ETF versus developed international stocks.  You’ll also notice the impressive sucker’s rally by BRICs from mid-March. Sharp rallies can and do occur right within bear market patterns, often tricking victims into believing a bottom has been reached...

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