There are not only China and India, there is also old Europe and ancient Italy, which is a strange stock market, with some interesting picks. Eni and Enel first of all. They are both Dogs of The Eurostoks, very solid companies among the largest in Europe and yielding jucy dividedends.
What will happen to italian stock markets now that Prodi and left wings parties won Italy's elections by 0,1% of the votes ? Basically nothing. The little majority they have will not allow left wings parties to shift strongly Italy's economical life, so energy companies like Eni, Enel and major Banks, will continue to prosper in a protected economical enviroment and Italy's GNP growth will continue to be about 0.9% lower than average European growth.
By the way ENI and Enel are worth being in your portfolio: why not take advantage of the fact that italians will have to pay energy more than all other Europens for another 5 years?
ENI.MI has a dividend yield of 3,10 % and will get ENEL.MI gave 15% extraordinary dividend this year.
BUY, SELL, KEEP 
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