Everyone up here is in denial as well. Why should our economy suffer just because the USA is suffering? well, All the Gold and Oil won't save us either. Short everything, but mostly Banks and Gold and I'm a gold bug, imagine.
A Fed Rate Hike Won't Solve the Current Crisis [View article]
I don't agree that the dollar is moving oil, heggies maybe, however the FED can talk about raising interest all they want. Up here in Canada the banks seem to have more control, we didn't drop interest rates much, and mortages still went up. Maybe the U.S. banks like that idea. Let's raise rates and raise mortage rates even more, since they can now borrow for less than the price of inflation, (like drunks at an open bar so to speak).
By the way, comments on POT being cut were very interesting over on David Fry's Market outlook.
Most of these other Countries are often a play on resources or cheap labor. I would read Fry's charts right here on seekingalpha before venturing into another market. No matter how simple the economy might be these are still stocks, and Fry's charts could help.
Playing for a Bounce? [View article]
Equity Benchmark: A Climb Too High [View article]
A Fed Rate Hike Won't Solve the Current Crisis [View article]
By the way, comments on POT being cut were very interesting over on David Fry's Market outlook.
On Country Selection [View article]