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Bobby, I hate to admit this, but I'm not much good on the overall
market. I'm better on certain industries and much better on certain
names, but I have little talent or interest for diagnosing what the
overall market is going to do. So, I'll sidestep the first part of
your note so that those who do think I have something to offer don't
mistakenly think I know anything about the market. Now with sectors,
you are really in my bailiwick. I am long several small biotech
stocks and that is my favorite sector right now. They are speculative
but are just starting the next phase of products being readied
for markets. I love several highly discounted country closed end
funds, as foreign shares, for the most part, are much cheaper
than US shares right now. I like Africa, Indonesia, Australia,
Chile, Brazil, Thailand, Germany and Switzerland. The last two I like
the cheapness of the funds, New Germany, at a 28% discount, and
Swiss Helvetia, at a 17% fund, and their strong currencies, more than
I actually like their stock
portfolios. I also like some comm tech stocks and
a couple of defense electronics stocks, as they tend to move in
cycles of their own. Good luck, MB |
