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2009 Will be fine.
The first half of 2009 is over.
Most are happy to see it end as it has been brutal and stressful for most business people and investors around the world.
Yesterday one of my clients introduced me to a few of his Australian friends. He complemented me by stating "Lawrence has a good track record on the markets". He was referring to my recommendations I make in my weekly newsletters. He then asked for current recommendations.
"Lawrence has a good track record on the markets"
2009 Predictions Very Accurate:
I'm happy to say that my predictions for the first half of 2009 have been very accurate.
I began the year with a slogan "2009 would be fine" certainly in contrast with the dire predictions of a world wide depression that were circulating at the time. MORE
Stock Markets have Good First Half.
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S& P 500
Hang Seng China
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The financial markets have traditionally been leading indicators of the economy. They are in agreement that the economy is recovering in the first half. The S&P 500 stock index increased 2% and the biggest winners including China increased over 28% in the first half of this year. MORE
Predictions for Second Half 2009:
So should you consider purchasing stocks at this point? Frankly I really hate buying after recent increases from 24% to 48%. I would rather wait for a serious correction of 40% to 60 % of the prior move and then purchase with confidence rather than try to get in on something that may be too late. MORE
U.S.D . Continues to Fall:
The one prediction that continues to be very accurate is that of the downfall of the U.S.D. At the beginning the year I said "the US dollar will sell off dramatically this year" MORE
Remminbi Future King:
I sat down recently with one of my clients who is one of the most influential businessmen in Asia. He told me that his company (one of the top 4 in the world) is predicting that the Chinese Renminbi will be floated in the near future and actively traded. When this does occur it should rise dramatically. MORE
Indonesia Next Economic Tiger:
You will notice in my portfolio that I am holding a large amount of Indonesian rupiah. Most I bought in the last few weeks at 10,400 to 1 USD.
I believe that the IDR will be very strong for the near future and may reach 9,000 to 9,500. MORE
Historically Economic Power shifted East To West:
I have an economic theory that I have developed over the years.
When you look at history it is interesting to note that economic power has always shifted from east to west.
It all started with China and its powerful dynasties which at the time controlled most of the known world and then moved on to the Middle East and Turkey to Rome then to Germany and France then England . MORE
Bali Real Estate Real Winner:
You will notice that over half of my net worth is invested in Bali real estate in the form of Villas, Office buildings and Beachfront land.
The one prediction that I have had 100% accuracy on the last eight years is that is Bali real estate is a real winner.
While prices in the rest of the world collapsed the last two years Bali real estate went sideways
After a slow start for the first half things are picking up dramatically. In fact just today I sold my first beachfront land in some time. MORE