I've long loved emerging markets airlines because they usually sell at bargain prices. The troubled history of developed market airlines unfairly taints these stocks. In the emerging world, they're growth stocks.

The JGB market got a lift from a pullback in equity prices here, with bargain hunters emerging.

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

Growth stocks dominated the market,

Generally, variations in earnings aren't nearly as impactful on glamour growth stocks as are changes in image and, well, sexiness. I often think of glamour stocks as though they are attractive women dressing to the nines.

China's stock market is inextricably tied to politics.