How to Play the Global Markets
Next week, I shall move into the annual dreaded year-ahead predictions and picks columns. I will have a hard time beating last year's suggestions to buy European, financial, small banks, homebuilder and small bank stocks, but I will give it the old Melvin try. This week, we have been having discussions about opportunities outside the U.S. and what the future might hold in some of the European and Latin markets that are experiencing economic difficulties.
My view of the foreign markets is much like my view on the economic future of the U.S.: It is not going to be pretty, mistakes will be made, the markets will gyrate and, eventually, we will somehow find a way through it all. The European Union (EU) may or may not collapse, the larger South American economies will track China and to a lesser degree the U.S. Politicians and central bankers all over the globe will bluster, bluff, inflate, print and just generally make a mess of things. The markets will probably be quite volatile and very much driven by headlines and sound bites....669 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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