My Private Msgs
-- Ignore unavailable to you. Want to
who wrote (
4/12/2012 10:47:50 AM
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Yes sir. You are correct. It is a very dangerous game. More so now, than ever.
who wrote (
4/14/2012 2:22:31 PM
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Was I right about advising people not to be involved?
Probably. But I don't like not being involved, so I compromised and bought three "preliminary" stocks. One is a bet on Canada and the other China. The most interesting is the one I mentioned a couple of months ago: LONR. It's solely concentrated on African exports and development. The fastest growing countries in the world are in Africa. I don't think the the problems you mention below are all that relevant if I take a two to five year view and are irrelevant on a longer view, (at least, with respect to Africa).
BTW, I posted here reference to a very interesting study which I think is persuasive in showing that a lot of developing countries have reached a sort of critical mass of local know how and will develop economically at a fast rate despite political risk, and educational and health deficits. Have you looked at it?
Despite my desire for confirmation, I think these guys have got it right.
ps. The stock market currently is putting in what is known as a "sucker's rally". Such rallies are driven by short covering coupled with supply above. How do you know that you have a sucker's rally? The market goes up easily. Does no work advancing.
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