'I'm Guilty Too' Says Mobius of Common Investor Pitfall: "At this point, he said the Asian markets are not that concerned about the provocations coming out of North Korea. "The element of surprise is not there yet. So if anything is going to happen, it'll happen after the story dies and North Korea will do something." He did say the reaction of the United States to the threat is worth watching.
As for Europe, he called the situation in Cyprus "unbelievable" and damaging to the confidence across the Eurozone. But he said the "Euro will survive—will get over this—after many policy mistakes." He said he would stick with investing in the eastern European countries, which will be aided even more by the eventual rising tides across the continent."
'via Blog this'
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