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Absolute Return Strategies in a Relative World

|Includes: GLD, iPath S&P Crude Oil Total Return Index ETN (OIL), SLV, UDN

In a market dominated by "relative strength", and "relative expectations," there is one thing that is absolute. As I have been harping on for weeks, it is very important that investors not focus solely on U.S. Equities when they are looking at the investing universe right now. We are in a bear market, and will be for years. There are other opportunities out there. Does that mean you should have no exposure to U.S. stocks? No, but to put all of your money in a market that has low growth potential and a weakened consumer seems a little odd to me. Due to a weakening dollar and inflation concerns, precious metals and currencies continue to do well. Oil and some other select energy sectors are holding up nicely as well. The Asian economies still have a lot of room for growth, and Latin America can profit from a commodities boom in the 4Q.