Well, agriculture has been going down over the past several years. I would consider agriculture less vulnerable and perhaps even a place to make money on the upside because things have been down for so long.
Nearly all markets will be affected in the same way especially India because Mr. Modi is now coming up with a capital gains tax. So now the Indian stock market has the problem of having gone up for a long time and for a long way and now you will have a capital gains tax. India will probably be worse affected than other markets.
Whenever there is an overdue stock market correction people always look for a reason. I can give you some reasons: the main reason is that it has gone up too long, too far, too fast but interest rates are also going higher and there are problems in Washington with the government. There are many reasons. But essentially it is because it went up without a correction and now we are having one.
Stock markets around the world have been going up a lot in the last few years and in the U.S. for instance the stock market has not had a big correction for a long, long time. It's very unnusual what happened in the U.S. stock market, it was overdue for a rout and now we are having one.
I'm looking for I would expect a three and a half of 4 percent deficit more this year I don't know if they'll announce that they'll probably announce 3 percent because they always make it sound better than it is so the deficits going to get bigger thinks it would make me happy would be opening up the Indian economy finally but they're not gonna do that and they're not gonna listen to me. (WisdomTree India Earnings Fund ETF (EPI))
As you know there's an election next year and like every election everywhere in the world throughout history everybody is going to get a little present. The debt will go higher the budget will not be balanced. They may say they're going to balance the budget but it's going to get worse. (WisdomTree India Earnings Fund ETF (EPI))
I don't think it's going to be a breakout year for gold. I still think there will be opportunities in the future to buy gold lower. It's been almost seven years since the high. Sometime in the next year or two I certainly expect for gold to make a low and then to start going higher and higher.
If I was in Chinese I would say "No, I'm going to wait until I need to play the card to
start selling the US Treasuries." If they need to take an action they
won't have any bonds to sell. At least if they own a lot of
Treasury bonds they can say to America, "If you do that we're going to sell your
Everybody should be selling US Treasuries. We had a bull market since 1981, that's 36-37 years. I don't own any long term US Treasuries, everybody should be selling them for economic reasons as well as for any other reason that they might have. (iShares Barclays 20+ Yr Treas.Bond ETF (TLT), iShares Barclays 7-10 Year Treasury Bond Fund (IEF))