TIME TO ACCUMULATE SOME GOOD STOCKS

I have a funny feeling that the markets have found a bottom. I am also taking a close look at the forecasts by Goldman, etc on a bullish 2010: Feb. 8 (Bloomberg) -- The biggest tumble in developing- nation stocks in 11 months is making investment strategists at Morgan Stanley, Credit Suisse Group AG and Goldman Sachs Group Inc. as bullish as ever. Morgan Stanley’s Jonathan Garner predicts the MSCI Emerging Markets Index will surge 34 percent by the end of 2010 as corporate profits jump 40 percent. Sakthi Siva of Credit Suisse says declines in the 22-country gauge may be limited to 5.3 percent. Goldman’s Thomas Deng recommends investors buy in China, where he forecasts the CSI 300 Index will gain 36 percent in the next 10 months. The strategists say developing markets are showing parallels with May 2004, when the MSCI index recovered from a two-month tumble of 11 percent to rally 26 percent by the end of the year. Like then, investors are pulling money out of emerging-market funds on concern lending curbs by China and interest-rate increases from India to Brazil will restrain economic growth. “The emerging world is going to come out of this in stronger shape,” said Julian Mayo, investment director in London at Charlemagne Capital, which oversees about $3 billion. “This is one of the speed bumps along the way. 2004 ended up being a good year for emerging-market investments.”