Quote:
Originally Posted by Porsche-O-Phile
Other than that, I think Asia and S. America don't look too bad,
|
umm. I thought that too and bought Australian BHP Biliton mining shares. These guys sell the iron ore and coal to the Chinese and Indians. But the shares have dropped something like 5%
Another mining share Lihir Gold is doing well, but that's only because of a looming takeover. The Chinese really are cutting back on lending, building and improving their intrastructure.
Edit: I did buy with a three year timeframe in mind, so I wasn't being unrealistic and expecting a six month bounce back in the economy.