* International Investments – July
2006 Major Market Value Analysis
* Natural Health Tip - Buggin Hot
Aint’ Cool
* International Investments - Ecuador and Latin America
Our friend, statistical expert, Michael Keppler,
continually researches all major stock markets and compares
their value based on current book to price, cash flow to
price, earnings to price, average dividend yield, return
on equity and cash flow return. He compares each major
stock market’s
history and from this develops his good value emerging
stock markets strategy.
Here is a condensation of his latest 2006
review of major market developments & outlook.
After suffering a 4.4 % decline last month, the largest
monthly drawdown since September 2002,
Major Markets equities rebounded this month.
The Morgan Stanley Capital International
(MSCI) World Total Return Index gained 0.5 % in local currencies,
was unchanged in US dollars and advanced 0.4 % in euros.
Year-to-date, the MSCI World TR Index advanced 2.9 % in
local currencies and 6.1 % in US dollars. However, due
to a 7.8 % decline of the dollar versus the euro, the Major
Markets benchmark lost 2.2 % in euros year-to-date.
This last month twelve markets were up, five markets declined
and one Market (Austria) was unchanged.
Performance measurements are based on total
returns in local currencies, unless mentioned otherwise.
Singapore led the monthly winners with a 2.8 % gain, followed
by the United Kingdom (+ 2.2 %) and Australia (+2.1 %).
Among the decliners, Norway (-1.4 %) stood out, followed
by Belgium (-0.7 %), Canada and Denmark (both down 0.6
%).
Year-to-date, seventeen markets had positive returns and
one market (Japan) declined. As in the previous year, Norway
(+12.7 %), the only market with a double digit gain, continues
to lead, followed by Australia (+8.4 %) and Spain (+7.5
%).
The worst performers year to date are Japan (-1.3 %),
Sweden (+1.3 %), and Denmark (+1.4 %).
There are no changes in our performance ratings this month.
The Top Value Model Portfolio contains Belgium, France,
Germany, Hong Kong, Italy, the Netherlands and Singapore
at equal weights.
Keppler’s current ratings suggest that
these markets offer the highest expectation of superior performance.
You can get ideas on shares in these top value major global
stock markets from Thomas Fischer at Fischer@jyskebank.dk
For more details on Keppler's analysis, contact Roderick
Cameron at 1-212-245-4304 or at roderick.cameron@kamny.com
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. Meet Steve Marchant our man in Ecuador
and learn about products to export. Go to http://www.garyascott.com/catalog/ibeznc.html
Natural Health Tip - Buggin Hot Aint’ Cool. Don’t
miss tomorrow’s message that looks at who is trying
you to soak your self in diethylbenzemide. Learn the health
risks they won’t they won’t tell you and the
natural health steps to do about it.
Until next message, good investing!
Gary
The Blue Ridge is lush and ripe this time
of year, the clover so high we let our perpetual lawn mowers
in to eat it down. Here is three of our herd, Harriet,
Goliath and Flo chompin by our front porch. This photo
was sent using Corel Photo Album 6. Visit
http://www.corel.com
to download your free 30-day trial.
P.S. Double your profit potential with the MultiCurrency
Sandwich. Leverage investments in top value markets. See
http://www.garyascott.com/catalog/bldh.html
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