This
morning I caught the sunrise on Mount Imbabura outside
hotel suite
window.
I hope you'll join us here at El Meson for
our upcoming
Import-Export course and share this view. This is the
last course that
Merri and I will have here until next fall.
We will focus on how to buy and export items
of extraordinary value!
Value is also the best way
to spot trends and our friend and value
expert Michael Keppler continually researches every major
global stock
market and compares their values based on current book to
price, cash
flow to price, earnings to price, average dividend yield,
return on
equity and cash flow return. Here is his most recent review & outlook
for the major markets:
After strong gains in January, global equities
moved into lower gear in
February. The Morgan
Stanley Capital International (MSCI) World Total Return Index
lost 0.15% in U.S. dollars and gained 1.7% in
euros.
Fifteen markets advanced, two markets declined
and one market (the
United States) was flat in the last month.
The best performing markets (in
local currencies) were Spain (+5.7 %),
Sweden (+3.6 %) and Belgium (+3.1 %).
Canada (-2.3 %), Japan (-1.9 %)
and the US (unchanged) had the lowest monthly returns.
There were no losing markets over the last fourteen months.
Austria
continues to lead
the pack (+55.9 %), followed by Norway (+54.1 %) and Japan
(+47.8 %),
while Italy (+23.3 %), Hong
Kong (+14.3 %) and the United States (+8 %) came in last.
Over the last fourteen months, the Top Value Model Portfolio
gained
23.5 % in US dollars and 40.8 % in euros, outperforming its
benchmark
by between 9.3 and 19.7 percentage points depending on the
currency.
There are no changes in Keppler's performance ratings this
month.
The Top Value Model Portfolio contains the six most attractively
valued
national equity markets of Belgium, France, Germany, Italy,
the
Netherlands and Singapore at equal weights.
Keppler's ratings suggest that these markets
offer the highest expectation of risk-adjusted returns.
You can get ideas on shares in these top
value major global stock
markets from Thomas Fischer.
For more details on Keppler's analysis, contact Roderick
Cameron at
1-212-245-4304 or at roderick.cameron@kamny.com
Until next message, good global investing!
Gary
P.S. Join Merri, Thomas Fischer of Jyske Bank and me at
our next
International Business and Investing Made EZ course in
North Carolina. Review where to invest and do business
now and
learn which markets and currencies may be strong in the year
ahead.
P.P.S. Double your profit potential with
the MultiCurrency Sandwich. Leverage investments in top value
markets. DETAILS
