Our China-Timer is still negative, so we’re comfortable sitting in a relatively cautious stance; we’re about 70% invested and 30% cash right now. However, we are encouraged by the market’s recent action, and, as we write on pages 1 and 2, by the long-term picture of emerging market stocks. This week’s recommendation comes from India, a place that hasn’t produced many winners in recent years. But this company offers a tremendous combination of current and historical growth, terrific prospects for continued expansion and a chart that, after 18 months of base-building, looks poised to launch.
