Tuesday, February 15, 2011

Global asset allocation 2011

Quarterly Global Asset Allocation 
January - March 2011
Negative: US dollar bonds, Japanese government bonds
Neutral: Euro stocks, euro bonds, US stocks
Positive: Natural resources, agriculture, oil
Bullish: Gold, silver, oil, precious metal stocks, Russia
Bearish: Paper assets
Special Situation: Automobile industry, Germany, Japan
Possible Surprises: Strong US recovery, China bust
Major Risks: Social unrest
Uncertainties: China, Middle East, PIIGS
Low probability/high impact event: beware of the unknown unknowns

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