The US is an expensive market, whereas Europe is attractive in terms of valuation. Emerging markets are inexpensive, while markets like India at 17 times forward [earnings] are not necessarily expensive. But there are stocks like Nestle that are trading at 50 times, which is expensive. Therefore, India is both expensive and inexpensive. You will have to be selective in terms of sectors and stocks.
Monday, March 30, 2015
Monday, March 23, 2015
One generally owns some physical gold because in the back of their mind people know something may go wrong in the financial system. We had debt crisis in 2008 and 2009 and now global debt levels have increased by another $57 trillion. Global debt as a percentage to global GDP continues to expand. No one knows how this will end and in this environment one would want to own some real estate and some precious metals.
Wednesday, March 18, 2015
The same analysts who had predicted that crude would go to $150 a barrel when oil was at $100 are now predicting it will drop to $20. My feeling is that crude will stabilise between $40 and $60 a barrel.