Finally today was some slight relief after a long time in the stock market. One breather day between daily drops.
However throughout the housing/financial crisis, foreigners have been slowly buying out America, so much so that America may not remain American anymore! Banks got money from abroad, Automakers are looking at India to buy more brands like Hummer. Even Bud is no longer American.
As an investor, this might be a good time for you to get your own slice of Corporate America. Great companies have their stocks do deep in the red from their highs that it would be shocking if the next few years were not spectacular for those companies. Some examples include Archer Daniels Midland (ADM), Target (TGT), Intel (INTC), GE, Metlife (MET). Considering todays jump in Wells Fargo after some positive news it is likely that other financials will also show significant jumps on any positive news. For many that might be months away but I’m keeping an eye out.
That’s not to say you should ignore emerging markets – Indian stockes fell about 60% from their highs and my next buy will be more additions to my India Funds or a new position in EPI
Discalimer: I own ADM, TGT, INTC and recently doubled my ADM holdings.