Their foreign reserves are down, ... Usually when governments claim they will not devalue, just the opposite occurs (and) if the ruble is devalued then there will be political fallout, so I think they must protect the ruble at all costs.
More Quotes from Mark Mobius:
I have just come back from Dubai and there is a lot of interest in India.Mark Mobius
The mere fact that me, an emerging markets person, says something about Internet and the market reacts the way it has is and indication that people are very jittery.
Mark Mobius
We were excited about Hong Kong two years ago and we put a lot of money there. Now we're more cautious because we're finding better bargains elsewhere. Quite frankly, we're investing in China.
Mark Mobius
It's quite difficult to ascertain the real hits on earnings, as a lot will depend on how fast the government is to implement the new price mechanism, and how high oil prices will go from here.
Mark Mobius
We're very bullish on emerging markets right now because of valuations, ... Valuations are so reasonable it makes sense to put money in.
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There's no reason to sell, because earnings growth is keeping pace with share prices. We're in an amazing period of history for many of these markets.
Mark Mobius
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Based on Keywords: devalue, devaluedFor me that's what's fascinating about the internet, that aggregate thing.
Colin Greenwood
Material possessions, winning scores, and great reputations are meaningless in the eyes of the Lord, because He knows what we really are and that is all that matters.
John Wooden
God is in the details.
Ludwig Mies van der Rohe