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By Monty Guild & Tony Danaher, on January 27th, 2007
Well the New Year is underway and we hope that all is well with you. For us it has been an interesting period with many new global themes developing that we will be sharing with you in coming months.
THAILAND
We are writing about Thailand for the obvious reason that the Thai market has had a major decline and is probably at a very good juncture for new investment.
The Thai decline was a result of a botched strategy by the new military government in Thailand. As a result, Thai stocks are cheaper than they have been in many . . .
Continue Reading: GLOBAL INVESTMENT THEMES
By Monty Guild & Tony Danaher, on January 24th, 2007
BE PATIENT AND WAIT
This is easier said than done, but to us, this seems like the prescription for 2007. We need to be patient and wait for the events which seem to be unfolding in world economies.
CORPORATE PROFITS WILL GROW RAPIDLY IN THE FAST GROWING COUNTRIES AND THE FAST GROWING INDUSTRIES
The primary determinate of stock price appreciation is corporate profit growth.
Stocks in fast growing countries and industries will be volatile, but they will respond to corporate profit growth. They always have in the past. This response will take the form of sending the stocks of . . .
Continue Reading: COUNTRIES AND INDUSTRIES WITH TAILWINDS
By Monty Guild & Tony Danaher, on January 17th, 2007
We hope that the New Year finds you healthy and happy. We outlined our investment strategy for 2007 in our last memo. Since then a few important events have taken place, and although our strategy has not changed, we wanted to share with you our opinions about the longer term impact of these events on the global markets.
OIL PRICES FALL
As we mentioned in our last memo, we are not terribly bearish on oil prices and although oil stocks may be ok in 2007 we see more attractive places to put money. Clearly, the markets have agreed. We . . .
Continue Reading: OIL PRICES FALL
By Monty Guild & Tony Danaher, on January 4th, 2007
May we start by wishing you warmest wishes for a happy, healthy and successful 2007.
Here is our fearless economic forecast for 2007. Wish us luck. Our past forecasts have been generally accurate, but past performance is no indication of future success.
THE WORLD AT A GLANCE
GLOBAL ECONOMIC GROWTH TO CONTINUE IN 2007
World economic growth for last year is a portent of growth for 2007. In our opinion, world economic growth rates in 2007 will be much like 2006. The U.S. and Canada grew a little slower, and Europe a little faster, China and India grew very . . .
Continue Reading: OUR GLOBAL MARKET OPINIONS FOR 2007
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