Doug: I can't help but think there will be two more buying opportunities this year. One in late Winter/early Spring that coincides with the first fiscal reporting period and Japan's year-end, and another with its origin in the currencies yet again.
The second would be based upon the pressure wrought by interest rates, a relatively strong U.S. dollar (must watch the dollar), and any instability emanating from the EEU camp.
I am nearly certain of the first. The second may happen in June or November. (I know, "That's really nailing it down, Tom.") President Clinton will travel to China in May, I believe, accompanied by some bullish yammering. This second event will most likely be an instance where a little loose cash could be put to good use, for it will not have severe consequences. It will also be the last opportunity to buy China.
Incidentally, the first sign of a correction might see me into a fund for the first time in many years -- Mr. Bin Shi's China Region Opportunity Fund, if it's still open. Just to make certain I have all the bases covered. Depends on whether I have enough $$$ remaining after I've purchased Julius' GSH. A buy in Chile as well, maybe Spain or Portugal.
Hostilities in Iraq could disassemble all of the above.
That's the game plan.
Stay in touch.
Tom |
