We’ve heard that the BRIC countries (Brazil, Russia, India & China) are to be the growth engines of the world for several years now. I believe in time they will, yet once the Shanghai Index broke below its multi-year flag pattern, they have all struggled and continue to break key support lines, reflected in the 4-pack below!
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The past 24 months reflects a strong period of relative weakness for the BRIC ETF’s, compared to the S&P 500 as they have underperformed the 500 by -40% to -60% (see below)!
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The interesting question right now….Will the falling BRIC countries pull the U.S. lower or can the U.S. keep these emerging countries from “Sub-merging” lower?
