Stocks in emerging markets posted their best weekly gain in nearly four years last week. Analysts are divided over whether this is a dead-cat bounce or the start of an enduring mean-reversion trade in the wake of nearly non-stop declines since last-April. From the perspective of the week just passed, however, there’s no doubt that equity markets in so-called emerging countries enjoyed a powerful rally for the five days of trading through Oct. 9.
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