Complacency vs. Risk Aversion Probabilities Seemingly Rising

This morning, writing in the Financial Times, long-time Asian market seer and excellent analyst/writer Peter Tasker tells us most emerging markets are looking dicey, given the overvaluation. The biggest problem flows from the biggest one—China, according to Tasker.

Early last week, emerging markets guru (well deserved we might add for his excellent work over the years) Mark Mobius sounding a similar warning, suggesting EM equities were overdone and the rush of IPOs was not good.