Predictions for 2010: China, Dollar, Dow
By Eric Jackson Although China won't be the top dog in terms of gross domestic product, 2010 is going to be the first year we look back on and say that's really when China started to take center stage from the U.S., which will continue to be preoccupied with getting its own domestic economy on the mend. Many companies in China currently trade at P/E discounts relative to their U.S. peers. In 2010, investors will start to rethink the logic of that, considering that these companies will be growing their earnings at a much faster pace to a foreseeable date much further out in time. Four years from now, it will be the U.S. companies with a lower P/E ratio than their Chinese peers. Other emerging economies, especially India, will show real strength in 2010. Specific Chinese stock names are in last week's RealMoney column, all of which I hold long positions in.
TheStreet.com Senior Contributor
12/30/2009 10:00 AM EST
Last week, I covered five specific off-the-beaten-path Chinese stocks that I like as long picks for 2010. This week, I provide more-general 2010 predictions. China Begins to Emerge as the World's Leading Economy
[This post is an excerpt of the full article, available by clicking here to go to RealMoney.com. Note: subscription required.]
