“I have just received a video on the latest 2015 market overview from BNP Paribas. Quite interesting and mostly in line with your own strategy.. Here is the link =

David Fuller's view

Thanks for this short video which should interest many subscribers, especially those of you who can read Chinese? 

I agree with your assessment although it dismays me to hear strategists talk about emerging markets as if they were all in the same category.  However, he does go on to say that they like China and India, which are the two biggest emerging markets. 

I think more of our views have become consensus.  This usually means that we are reasonably safe for a while but returns may be smaller because many people are already on board.  Risks are greater when we are more or less on our own, but rewards are considerable if this judgement is correct.  Examples: Turning bullish in 2009, and shouting about India last year when Modi threw his hat in the ring, contesting for leadership of the BJP.