Joan, As long as Japan doesn't turn into another zinc call. <g> Actually, the zinc didn't do all that badly, but it didn't soar.
I think that a lazy person, and I fit that mold to a tee, could make money simply buying closed end funds or ETFs in countries and industries that have been doing poorly for a while. I've caught a few in the past, but I've missed Russia and Turkey twice because I didn't like the risk levels. And I had Korea the previous cycle, but pretty much missed this one, ex a position in a couple of broad Asia funds. Caught gold pretty well so far, as you and many who read this did. I am nervous near term but still think it is cheap. I am still trying to catch the big bounce in high quality foreign bonds. I've caught a couple of nice bounces in BEGBX, but nothing to write home about.
I am really hoping that tech soon becomes the worst performing sector for a while and that somebody else takes over leadership, because buying tech cheap is always a winner.
The small and midcap names tend to be better values worldwide, IMHO. They can be very frustrating, ala Vaso and Divine, but, extremely profitable when they hit a groove. Even when small cap and midcap are overvalued as a sector, the majority of stocks tend to be cheap. It is usually the index focus names that tend to get bloated. |
