In the face of the worst financial crisis since the Great Depression, Money Morning Investment Director Keith Fitz-Gerald continues to uncover solid profit opportunities – including China, oil and other key commodities, and possibly even U.S. stocks.

Foreclosures Continue Falling; Chinalco Invests $19.5 Billion in Rio; 4Q Profit Falls for Viacom; Coca-Cola Beats Expectations; GM May to Bail on China Venture; Australia Senate Nixes Senate 

Emerging markets investors have always had famed investor Jim Rogers on their side. Now – after the bubbles of China, India, Latin America and more have popped – they can take comfort in the word of investor Mark Mobius, who said emerging markets are “bottoming” en route to a bull phase in 2009.

Seemingly under the radar, China’s Shanghai Composite Index has risen 17.7% since Nov. 1. Specifically – and not coincidentally – the index began its rise Nov. 10, the day after Beijing announced an ambitious economic stimulus plan that will pour $585 billion into housing, water-and-energy projects, airports, disaster relief and railroad construction over the next two years.

In a move that underscores the potential of China’s auto market – as well as the viability of so-called “green” technology – investing guru Warren Buffett’s MidAmerican Energy Holding Co. will pay roughly $230 million for a 10% stake in BYD Co. Ltd., a Chinese producer of both cars and specialized batteries.

Rumors of a capital crisis due to overexposure to distressed U.S. securities drove shares of a Hong Kong bank sharply lower today (Wednesday), as concerned customers lined up outside retail branches to withdraw deposits.

While a recent crop of economic data suggests that China is not fully insulated from the economic turmoil that has overtaken the United States and Europe, some of that data is suspect. The upshot: The world’s fastest-growing economy is still much better off than its Western counterparts and probably remains the best long-term option for globetrotting investors.

Continental’s Cost Cuts; Possible Eurozone Telecom Merger; Rising Tide of Foreclosures; Jobless Claims Drop; Inflation Controls Threaten China Stocks; Honeywell Shot Full of Holes; Dupont’s Bumper Crop; Novartis on the Guard Against Influenza.

We didn’t expect it to get this bad this quickly. In our November 13 edition, we sounded the alarm on the Chinese stock market. Around this time, newspapers were filled with stories of novice Chinese investors opening brokerage accounts by the hundreds of thousands.