This year the January trade returned a negative 0.34% before transaction costs for the period from 12/20/2007 to 1/9/2008: chart. Microcaps continued the downtrend that started in Q2: 2007 IWC:SPY chart.
Emerging markets on the other hand, are off to a good start in 2008 continuing a long-term uptrend vs. the US markets that started in 2000: here's a chart from 2005.
Emerging markets on the other hand, are off to a good start in 2008 continuing a long-term uptrend vs. the US markets that started in 2000: here's a chart from 2005.
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