The easiest way to pocket gains in emerging markets is to follow the money, says Irwin Greenstein in Taipan’s Emerging Market blog.

Of course, as Irwin points out, this doesn’t exactly sound like a great contrarian play. Contrarian investors usually bet against the big money.

How do you follow the money? By tracking investments made by the world’s cash-rich sovereign wealth funds (SWFs). Irwin says Gulf-state SWFs are moving into oil-rich Southeast Asia - tipping off investors to stable, long-term growth opportunities.

Shares in stricken government-chartered mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) rose more than 5 percent before the bell on news that the House of Representatives passed Hank Paulson’s housing resuce plan.

The housing plan - which now includes provisions to bail out Fannie and Freddie - is now likely to become law within days.

The problem is the bill is “a major-league privacy threat,” according to Dave Gonigam in Desidooru Saloon. Of course, the mainstream media hasn’t given this angle of the story much coverage…

The spot price of uranium has likely seen its low at a recent $57 and uranium stocks are cheap and unloved.

This sets up a great contrarian investment play, says Russell McDougal in Investor’s Daily Edge.

Russell says uranium stocks are oversold. But there are extraordinarily strong global fundamentals behind the uranium market.

If you are looking to take positions in tomorrow’s bull market… uranium stocks more than qualify.

General Electric Co. (GE), which is reevaluating its operations after two consecutive quarters of sub-par earnings, will advance its presence in the Middle East by partnering with Abu Dhabi’s Mubadala Development Co. to create an $8 billion commercial finance fund.“What it allows us to do is get good geographic and asset spread of risk, but more importantly it allows us to reallocate to higher-return opportunities in commercial finance,” Jeff Immelt, chief executive of GE, told reporters on a conference call.

The two companies will also work together in the clean energy, aviation, and oil and gas sectors, investing $40 billion in commercial and infrastructure projects over the next 18 months.

There is not a single reason left for you avoid emerging-market oil, according to emerging-market expert and editor of Taipan’s Emerging Markets blog Irwin Greenstein.

Irwin says oilfield service company Schlumberger Limited (NYSE:SLB) is a great energy play for investors still a bit skittish about going straight into emerging markets.

“It’s a big-board American company that should give you a good night’s sleep while letting you gain from the hottest markets anywhere…”