Jay - There's a lot of disagreement over the US economy - heading for a faster recovery or a failed recovery.
Most of the new data is comming down on the faster recovery side, an the data points are very strong - well above noise level. The negative datapoints tend to be samller and down toward the noise.
There's then a secondary argument - " Is this recovery & profit growth priced into the market already ?"
A big jump in GDP growth will produce big profits, since there has been extensive cost control. This will also lead to accelerated hiring, as companies are very lean.
I'm betting on US / Asia growth -
Metals - N, PD, BW, BHP, PAL, FCX
Natural gas - TMR, SJT, KCS, AVN.un, ROYL
Countries - Japan EWJ, MJFOX, FJSCX ; Korea, EWA ; Austrialia, EWA
I'm avoiding NEM, but may get back in....
Note that China's growth in Q3 was at a 9.1 % rate. US growth is expected to be 6-7 % for Q3. |
