The valuation discount of emerging markets compared to developed markets has now disappeared. Stocks with strong earnings and price momentum have continued to outperform. While some markets in Asia, eg Hong Kong or India, are no longer cheap, most emerging markets are not fundamentally overvalued with an average forward P/E ratio of about 15.
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How available is Obamacare? How will changes to the Affordable Care Act this open enrollment period affect patients? No love lost in Bergen County where a sitting congressman may be unseated in the nastiest and costliest campaign in the state. Despite charges to the contrary, the elections tough to “rig”. How the state is moving to secure the vote.
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Low cost energy storage has the potential to foster widespread use of renewable energy, such as solar and wind power. To date, such energy sources have been unreliable: Winds can be capricious, and cloudless days are never guaranteed. With cheap energy storage technologies, renewable energy might be stored and then distributed via the electric grid at times of peak power demand..
6. Wolfgang Steakhouse, (4 Park Avenue, 212 889 3369) Wolfgang Zwiener, headwaiter at Peter Luger for over 40 years, opened the first branch of his eponymous steakhouse a prismatic Manhattan version of the Brooklyn classic on Park Avenue in 2005. Since then, the enterprising owner and his team have opened eight beefy branches, including four in New York City and four afield, in Miami, Los Angeles, Hawaii, and Tokyo.
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