niceguy2005
Posts: 12523
Joined: 7/4/2005 From: Super secret hidden base Status: offline
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ORIGINAL: Terminus quote:
ORIGINAL: thegreatwent Morning all. Investors seem to act like sheep. Unfortunately for them there are wolves in the markets who will do just fine. New York is likely to see some competition now if history is correct, Brussels and London went through the same thing. I just can't figure out where the new powerhouse will be. It could revert to Europe or Asia (if popular speculation is correct), yet Rio and Delhi seem possible. Or the NY could just stabilize and tra-la-la. One thing is certain, Capitalism is fluid. Don't get comfortable or complacent cause there is always a new kid on the block. Not sheep, lemmings... The next big financial capital will probably be Bombay, as that's where India's biggest stock exchange (the BSE) is located. I can't see this unless there is massive regulatory change in India. India is a protectionist country and likes to stack the cards in its favor. The result is no one really wants to play with them. Until this changes a truly free market won't flourish. I could see India being the flavor of the month, but not a long term mover and shaker in the financial markets. Besides, they have too many restrictions on foreign ownership. My bet is on the US, with slow integration with other nations. The next five years don't look too good, but with a return to a strong dollar policy I think there's great potential. Most investors I know are hording cash now, believing that there are going to be some good buys in terms of investment opportunities coming up. Their assumption is that things will bottom out in about 12 to 24 months before turning upwards, possibly sharply. The investments they're looking at aren't real estate or trendy tech stocks though. Edit: just noticed the mention of Rio. Brazil is a real wild card. I can't see big money getting real interested anytime soon. South America has this long history of swinging left, then center, then left again. There's always too much concern about nationalization. That said, they have the resources and the potential energy economy to go far.
< Message edited by niceguy2005 -- 9/16/2008 10:16:45 PM >
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