Yeah, but you got to be careful there too, IMHO. When the dollar goes
down the drain, the rest of the world will be in one heck of a deflation.
I think the usual applies - if you see foreign stocks as "expensive",
you should not buy. And, most of them are in fact very expensive.
Except Japanese stocks. These can be bought, although it is not
yet clear if the LT bear market has seen its bottom, or there is another
wave coming. The long-term risk is small over there IMHO. I think natural
resources (and ADRs in countries producing them) will do better for now,
and I think Japan may not have seen the bottom - it will come after USD
goes down the drain against Yen. Foreign equivalent of treasuries would
be a good buy, in countries that have prudent CBs, such as Australia. But
then again, it's a commodity-producing country, so Australian ADRs
should do good as well. And, a lot of CBs just follow easy Al. |
