As a noob investor, that’s exactly what I’m trying to decide. I’m primarily an indexer right now with about 30% of my portfolio in the States and I’m sitting on a lot of cash. Most likely I’ll keep piling it on to reach 40% with an eye on the multinationals. I just bought Kraft as a long term hold.

I’ve already had my fill of emerging market ETFs but for kicks, I’m interested in dabbling directly in EWY South Korea. I need to research if it’s still undervalued as everyone thinks and there’s a December election soon. Wonder how it will affect it…

I keep looking at US stocks that have a lot of business in other parts of the world- you get the upside of growing economies but under the American regulatory and legal framework which respects shareholder rights.

People with much bigger foreheads than me must have calculated the ramifications of lowering the fed rates and the consequences of a weak U.S. dollar vs a recession. But I agree with you on the bailout… perhaps this will be a wakeup call for societal change through decades of excess spending.

On the flip side, great for tourism and foreign money filtering in