Business Week article reported that there are more vacant houses, subprime problem is still rising and bank system is still in trouble, there are some hopes.
The positives are:
1) Fed is cutting rate,
2) gobal growth is simulating exports and
3) stocks are moderately valued.
My personal take is that need to invest in global companies which has their majority of their business in global markets such as emerging markets (China, India, Latin America, etc.)
Full article at:
http://www.businessweek.com/magazine/content/07_53/b4065038223326.htm?chan=magazine+channel_investment+outlook+2008%3A+the+big+picture
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