* Record high. It is the
pre-election year and behaves like one. Next year will be a different
story. Watch out for the interest rate next year.
* China ETF FXI
has been up a lot for the past year even today's P/E is still low. All
the bad economic news on China do not correlate with the market. Even
with a flat GDP growth, China can increase the living standard by
establishing / enforcing regulations, controlling air and water quality,
* I posted many times that Greece
could recover faster due to its tourism, olives, shipping... Including
myself, no one wants to catch a falling knife unless you have a time
machine (mine is being repaired).
* The pipeline will get a lot of jobs. Please do pay attention to the environment and possibility of terrorist attacks.