For our chart of the week, we're taking one more look at the huge "Asia up, the West not so much" trend that will last for decades. The chart shows the amazing strength in Thai stocks.
Thailand is another Asian country without the huge unfunded welfare programs Western Europe and the U.S. face right now. Like its neighbors Singapore and Malaysia, it's a short plane or boat ride away from the giant emerging markets of India and China. When India and China grow, Thailand grows with them.
For much of the past year, the only news coming out of Thailand has been about violent political protests. Over 80 people have died in recent demonstrations. But as you can see from this week's chart of the iShares Thailand Fund (THD), this ugly news has barely budged the uptrend in the country's stock market.
This is extraordinary strength in the face of the global market selloff… and more proof the "rise of Asia" is a key investment trend to monitor. You can read this free interview from our sister site The Daily Crux for some "boots on the ground" Thai stock picks from the legendary Dr. Marc Faber.
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