It doesn't tell me that "a lot of people" are starting to look for "bargains".
EME's, Europe, and small caps aren't bargains at the moment.
I think it's people like I described, small-time long-termer's with faith, who have directed some buying today--and even at that, not much. They have asked what they should buy, and those things you mentioned represent the best of the worst at the moment.
That is why the market is still waffling, and gains are, so far, trivial. Only if momentum sets in and the big boys start buying will anything significant happen. I think that this week they will be re-balancing across sectors, and I think that's a smart thing to do at this time.
well it's a big mix.
small caps in the uS were down 9.4% in a month. That's a big number. Obviously many individual names were knocked down 15-20% and funds and hedge funds and traders swooped in and bought what they thought was cheap. That's called bargain hunting.
Same in Europe - down 9% in a month - that is huge - and it is relatively a bargain compared to the US anyway, for comparable companies.
No idea what you mean by 'big money' - that's an amorphous concept that has no real meaning.