And finally, there’s China. The 18th National Party Congress gets underway today and the world will bear witness to a once-in-a-decade power transition at a time when the Red Dragon is plagued by economic challenges and corruption on a scale that has boggled even the most jaded of insiders. I don’t think Obama will be able to stand up against China’s new leadership by the way. (I’ll have more on that in a future story)
But some like Mosaid Technologies (NYSE:MSD) and Best Buy (NYSE:BBY) aren’t. The former, which you may know better as Merck (NYSE:MRK) in the United States, expects 30% growth in China over the next 12 months alone and triple that in the next five years. That’s why the company is hiring reps and building a $1.5 billion research facility in Beijing despite slash-and-burn expense reductions in the United States and Europe.
Whether Obama’s in office or actually “in” office is moot. Try your best to dismiss the rhetoric and the posturing that’s already started.
There are still plenty of opportunities ahead to be had if you know where to look and how to protect your money in the meantime.