We’ve all heard it before. “You Americans are out of touch with the rest of the world”. We’ve heard stories of how people overseas despise the “Ugly Americans”….and more recently, we had a group of Olympic French fags in speedos talking trash about how they were going to smoke our USA mens swim team in the medley relay. HA!
(U-S-A!… U-S-A!…. U-S-A!)
EFA vs. SPY:
Remember back in 2003 when a lot of people started getting into international funds? At that time international mutual funds gained a lot of attention in a big way. They were all the rage. Pretty soon investors were pouring 10%, 15%, 20%, 25% of their money into international stock funds. I even heard one guy tell me that 75% of a U.S. investors money should be in overseas investments. After all, he reasoned, we are only about 25% of World GDP. Therefore it only makes sense that investors here in the U.S. should “diversify” in order to have a truly “global portfolio”.
(U-S-A!… U-S-A!…. U-S-A!)
About a week ago, on the first day of the “Orympics”, I saw for the first time, since October of 2003, the relative strength chart favor [[SPY]] over [[EFA]] . How fitting. Don’t just take my word for it. Look it up. Test it. It’s true.
(U-S-A!… U-S-A!…. U-S-A!)
Also, on that very same day, August 8, 2008, when people were ooohing and aahhing over the opening of the Beijing Olympics, the U.S. Dollar made a significant shift in trend vs. the Euro—at least in the near term. True story.
(U-S-A!… U-S-A!…. U-S-A!)
At a time when people are negative on America and Americans, our stock market and the U.S. Dollar are showing signs of strength vs. other foreign markets and currencies.
Keep an eye on this trend that is developing. Investments and markets fall in and out of favor. The only thing that remains constant is:… change.
God Bless You and God Bless America!
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