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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6162)	5/8/2006 12:43:52 PM
From: elmatador	Respond to of 217576

Brazil not only offers excellent returns for serious investors, but it also offers a fantastic lifestyle for people who are looking for a holiday home."Other countries with high capital growth include Spain (17 per cent), France (10 per cent) and Italy (7 per cent). The country has been earmarked by analysts to become one of the next major property boom areas, with capital growth of 20 per cent over the last few years. 999today.com Brazil tipped for property boom 8 May 2006 Nick Gibbens Brazil is emerging as a top destination for property investors, according to research from The Property Investor and Homebuyer Show North. The country has been earmarked by analysts to become one of the next major property boom areas, with capital growth of 20 per cent over the last few years. "Investors looking for the next big thing should seriously consider investing in Brazil," said David Green, sales director of Brazil Property Services. "High levels of inward investment coupled with a stable economy means that investors willing to take the plunge can cash in on the high levels of capital growth we expect over the coming years. "Brazil not only offers excellent returns for serious investors, but it also offers a fantastic lifestyle for people who are looking for a holiday home. "With a wonderful year round climate and low cost of living you can lead a far more relaxing and luxurious lifestyle for a fraction of the cost of the UK." David Green, Brazil Property Services: "Brazil not only offers excellent returns for serious investors, but it also offers a fantastic lifestyle for people who are looking for a holiday home."Other countries with high capital growth include Spain (17 per cent), France (10 per cent) and Italy (7 per cent). Each of these countries has a long established second-homes market and although there is talk that they have reached the peak of their current property cycles, rental returns remain strong and they have a lot to offer. Stuart Law, managing director of Assetz for Investors, added: "Overseas markets are offering excellent opportunities for investors, with some of the emerging markets now overtaking some of the more established destinations in terms of total return on cash invested. "However, investors should remember that high return is often associated with higher risk. Although Brazil can provide excellent returns on investment, established locations such as France are still holding up extremely well against the competition." The Property Investor and Homebuyer Show North will be held at the G-Mex, Manchester from June 2-4. Have your say Back to top

To: TobagoJack who wrote (6162)	5/8/2006 12:51:47 PM
From: energyplay	Read Replies (2) \| Respond to of 217576

I'm buying puts on homebuilders BZH and LEN today. The comments on Mish's thread about the TOL Toll Brothers conference call, especially the ones about Florida real estate, are a good back ground. It looks like buying these puts may be a good idea...;-) June puts the strike price under the current quote.

To: TobagoJack who wrote (6162)	5/8/2006 1:12:05 PM
From: elmatador	Read Replies (1) \| Respond to of 217576

TJ, TEOTWAWKI postponed? Stephen Roach, chief economist at investment bank Morgan Stanley, now says, “The odds are shifting away from disruptive global rebalancing.” ELMAT: Looks like Capital spreading more evenly will postpone TEOTWAWKI Reality check on emerging markets Which way to go? Even the permanent bears are becoming optimists. Long-term sceptic Stephen Roach, chief economist at investment bank Morgan Stanley, now says, “The odds are shifting away from disruptive global rebalancing.” That’s quite an admission for someone who has, ever since the current boom began, been crying wolf about the mounting global imbalances. However, it’s scarcely a surprise. Investors would have missed the entire bull run had they listened to Roach's gloomy prognostications. Stock markets across the world have been booming — the Dow Industrials rose to a 6-year high last week, while the MSCI Asia-Pacific index, which tracks 14 markets in the region, rose to a new high, and we all know what’s happening in the Indian market. Liquidity continues to be very strong and total fund flows into emerging market equity funds this year, according to Emerging Portfolio.com, have already topped $28 billion, with country funds investing in the BRIC markets (Brazil, Russia, India, China) and the new breed of BRIC funds accounting for $13 billion of those inflows. Liquidity flows are propelling commodity prices to new highs. Take copper, which surged to another record high last week. Analysts say that funds tracking commodities indexes may hold almost three times more copper contracts than physical metal stored in warehouses monitored by exchanges in London, New York and Shanghai. Back home, FII buying has turned positive this month. In short, there are plenty of reasons for Roach to throw in the towel. Ironically, he does so at a time when there are signs that the party is nearing an end. Interest rates continue to rise, the 10-year government bond yield in the US has crossed 5 per cent and growth is picking up across the globe at a time when money is becoming tighter. That will mean there’s less money left over for investing in financial assets. But then Roach himself has admitted that he was bullish in 1999 and we all know what happened to the tech boom after that. Could Roach’s turning bullish be the straw that breaks the back of this bull run? Strong FII inflows have not deterred brokerages from sounding the warning bells on the Indian market. The foreign brokerages have been particularly downbeat but even the Indian houses are now joining in. Citigroup, for instance, has a year-end target of 8500 for the sensex. Michael Hartnett, global equity markets equity strategist at Merrill Lynch, points out in a recent report that the strong inflows into emerging markets are unsustainable, citing high energy and commodity prices and the narrow market performance. For instance, of the 829 stocks in the MSCI EM index, the 100 best-performing stocks in the first quarter of the current year contributed 70 per cent of price return. So what does Hartnett advise his clients? The obvious choice, he says, is to own stocks in countries with current account surpluses and cheap PE ratios. Russia, Indonesia and Brazil fall into this category. Korea is another recommendation. Across emerging markets, he advises investors to stay overweight on infrastructure and consumer themes because “these are secular mega-themes within emerging markets that will generate strong earnings for infrastructure and consumer plays over a number of years”. On India, Hartnett says a bubble in global emerging markets will appear first in the Indian market, which is currently quoting at a 45 per cent premium to emerging markets.