By Daily Crux Editor Justin Brill:

Emerging market stocks are soaring right now… and they’re cranking out more IPOs than developed markets for the first time in history, according to investment guru Mark Mobius.

Mobius points out that all these new IPOs are putting a ton of stock supply into the market… which could cause a 20% correction.

Also of interest here… Bloomberg reports that:

Investors are paying the most for profits in developing nations since April 2000, with the 767 companies in the MSCI Emerging Markets Index valued at an average 24.2 times earnings, data compiled by Bloomberg show.

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