Loading ...maybe there’s something to what Kenya’s President said. Maybe stuff unravels overnight instead of a long drawn out decline.
Given that we (speaking for myself) think the USD has started a new downtrend, emerging market stocks should outperform, if nothing else on the exchange rate.
Using a tool from TD, I’ve found some juicy looking companies overseas. Few examples, and there are more
Anglo-American – 8.55 PE, 6.29% dividend
Glencore – 4.28 PE, 10% dividend
Norsk Hydro – 5 PE, 9.41% dividend
Vale – 4.26 PE, 7.13% dividend
Not sure I want to be in Brazil with Vale, but the others look OK to me, maybe Anglo is iffy because of Africa. The charts look good to me, like they are just turning higher. All were up today. All large caps, I just don’t have the resources anymore to gamble on some of these juniors so I’m going to pick some of these shares up. If the dollar collapses, they’ll go to infinity!! 🙂