Subject: Re: Foreign exposure
i see a potentially falling dollar, inconsistent policy and outright large valuations gaps between foreign and US markets. (The last I saw was a 3std dev spread in performance and valuations)

We all know the risk, and I am starting to think there is a potential for upside surprises outside of the US.

Where? Europe is committing financial suicide. (And social suicide as well.) For example, Germany is losing more and more large industries every day. Similar stories in lots of the other European contries.

BRICS is growing, but it's too soon to say how it will turn out, and many of thoce countries you would *not* want to invest in.

The US will probably be the least bad place to invest for quite some time.

Anyway, a lot of US companies do major business in foreign countries.