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Stocks that may be leaders, Jim Rogers again, and Lehman’s May Outlook
By Rob | May 6, 2008
If you want to know how to make $money in May, you need to answer the question: Which one is going up - commodities or financial and tech? However, the best traders never predicts, they react.
My friend Jim Rogers, ex-Soros fund manager, was on TV today. He is more often right, then wrong. I call him the ultimate long-cycle investor. Key points:
- buy Chinese and Taiwanese stocks.
- the dollar rally may hold for an year because everyone was so negative on the dollar; he is not selling dollars at the momet but waiting to do so later
- Commodities are far from a bubble, the rally will continue with metals such as nickel, zink and even silver appreciating further. The last commodities boom took place when India and China were not developed, but now they want to participate in it. In addition, most of the population STILL does not own this asset class, which means it is NOT OVERBOUGHT.
This is a chart of the strongest stocks since 3/11. Taken from Bespoke Research, I want you to go down and research all the stocks who you think might have a shot at being leaders. Some of the familiar names are AAPL and FSLR, no doubt, these are the century’s innovators. Maybe you can find yourself some more, go try this now.
LEHMAN’S TAKE ON THE MARKET FOR MAY 2008
• The current cycle may share some similarities with 1998, when stocks
rallied led by Tech and rate-sensitive sectors at the expense of cyclicals and
commodities.
• In our view, the full response to the 325 basis points of easing since last September
has hardly been felt in the equity market. Ergo we stay long stocks.
• We also continue to suggest long positions in interest rate sensitive sectors. We
believe US banks and general retailers have yet to factor in the round of Fed
easing fully. To download Lehman’s May Outlook see here: lehman may 2008
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