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© Images_of_Money

Some investors believe that the stock market never gets anything wrong, which is the so-called efficient-market hypothesis. Value investors like Ben Graham and Warren Buffet, however, teach that the stock market regularly overshoots fundamentals in both directions.

Applying this logic to Cisco stock, it is worth asking whether the underlying value of Cisco's business has really fallen more than 31% over the last year, which is what the stock market is saying. A look at some valuation metrics on Cisco would suggest that the stock is undervalued at current market prices. For instance, the price to earnings ratio is 13.5, which compares to a ten year average of 27.5. At it's lowest point, Cisco reached a P/E ratio of 11. It's price to book ratio is also far below its 10 year average of 4.5 at 2.2 currently, and it has a five year compound average EPS growth rate of 8.9%.

© brian glanz

Investors pulled out USD 1.64 billion from emerging market funds in third week of May 2011 for the first time in two months.
Emerging market funds lost USD 1.64 billion accounting for a major portion of a total outflow of USD 7.07 billion in global emerging market funds, according to the data complied by the international fund tracking firm EPFR.
This was the first time since third week of March that emerging market funds saw outflows on renewed concerns over Greek's debt and withdrawal of economic stimulus from the Federal Reserve on cards.
The emerging market funds lost an onflow component too but it was not disclosed ,the outflow for emerging market funds in India seems to be around USD 998 million according to statement made by SEBI.

© Center for American Progress

In the current downturn market scenario, investing in international bond mutual funds is a sure way of safe guarding your investments since the rate of interest differs on a country to country basis. Also such mutual funds have very little association with domestic equities & very marginal connection with investment grade domestic debt.

Dreyfus International Bond A: The international bond mutual fund returned 12.64% in the last one year period and has a minimum initial investment of $1,000 and an expense ratio of 1.09% compared to a category average of 1.13%.
PIMCO Developing Local Markets A: This international bond mutual fund has a five year annualized return of 5.69%.
GMO International Bond III: This international bond mutual fund returned 19.08% in the last one year period.