Mean Reversion Follow-Up (Or, the Political Uncertainty Portfolio)

In a previous study, I examined the results of investing in equity markets when they experienced negative years X years ago. The chart below re-summarizes those findings:

Were there any global equity markets that were down in 2004 or 2005? I track roughly 50 countries, and the results are below:

Iran (2005)
Peru (2004, just barely)
Thailand (2004, and 2006)
Venezuela (2005)

The only country, to my knowledge, with an easily investable product is Thailand (TF, TTF).

I will report back at the end of 2007 with the results of these countries equity index performance.