Dark forebodings

The Sacramento Bee carries an article today on personal finance wherein they posed a same set of questions about the financial forecast for 2010 to five local investment bankers . One of the questions was "What investment sectors look most promising?", and the answers to it gave insights that are unnerving.

Four out of the five bankers had emerging markets at the top of their list of promising sectors...

"For long term, we like...emerging markets in China, India, Russia and Brazil."

"Some of the promising sectors include...emerging markets."

"We still have a big focus on global, emerging markets, such as China, India and Australia."

"We like emerging markets in China, India, Brazil, Russia."

Hmm, did someone say 'asset bubble'?