Archive Category: Green Zone Fortunes Updates

One of the quietest, yet most dominant investment themes I’m seeing play out this year is the deep value of foreign markets. Even at the lowest point (so far) of the bear market, U.S. stock valuations were priced at over 20 times earnings. Today, they’re closer to 25 times earnings. Both these figures are well over the historical average … and are primarily carried by the rich valuations of technology stocks. Most importantly though: U.S. stocks are twice as pricey as other developed economies.

Next week, I’m going to send you my latest recommendation for the Green Zone Fortunes model portfolio. I’m really excited about it … though my hunch is that somewhere between 5% and 50% of you will scoff, close the issue and never give the recommendation a second thought.

If you bought Hovnanian Enterprises per my recommendation three weeks ago, and were checking the stock price every day since (something I don’t recommend) … you might’ve had a couple of not-so-nice things to say about me on May 31. HOV stock dropped over 15% that day on the back of an earnings report that folks had a negative knee-jerk reaction to. Today, I’m happy to report the stock has fully recovered. Shares are making new highs once again and our position is up around 13% at last glance.

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