Why We're More Gloomy About BRICs: Goldman
July 01, 2013 at 23:00 PM EDT
Goldman Sachs says it has ended a recommendation to buy a basket of U.S. stocks with the highest sales exposure to Brazil, Russia, India and China (BRIC) and instead prefers U.S. firms with most exposure to the domestic market - just one more sign that sentiment towards emerging markets is fading fast.