k******r
发帖数: 4011 | 1 http://www.usatoday.com/money/story/2012-09-01/qe3-options-fed-
Updated 8/31/2012 6:32 PM
Investments to consider if QE3 happens:
1. Gold. Quantitative easing makes gold a good choice because the bond
buying tends to devalue paper assets, such as the dollar. Flooding financial
markets with cash also can lead to inflation. Gold and other so-called "
hard assets" are viewed as a hedge against both.
During QE1 gold outperformed the broad CCI commodity basket by nearly 3
percentage points, although it underperformed by 5.5 percentage points after
QE2.
No matter. "Own gold during QE3," the NDR analysts say. "Gold's average
performance is not all that bad, considering its lower-than-average
volatility."
Gold rose $30.50, or 1.8%, to $1685.30 an ounce Friday, the day of Bernanke'
s speech.
2. Silver. If you have the stomach to deal with sharp price swings, buy
silver. "QE seems to bring out the best in silver," NDR says. Indeed, silver
soared nearly 69% following QE1 and nearly 82% during QE2.
The iShares Silver Trust (SLV) exchange traded fund (ETF) rose almost 4.6%
Friday to $30.79.
3. Crude oil. Oil is priced in dollars, so a weaker dollar caused by Fed
stimulus boosts both the demand and affordability of crude. Helped by a
steep price drop in late 2008 due to the financial crisis, crude oil jumped
64% in QE1. It rose a solid 21% during QE2.
Crude rose $1.85, or 2% to $96.47 a barrel Friday.
4. Materials stocks. The materials sector, which includes aluminum,
chemicals and copper companies, gets a lift when the Fed takes steps to
bolster economic growth. This sector rallied nearly 83% during QE1 and more
than 21% after QE2.
The materials ETF (XLB) gained almost 1% Friday.
5. Coal stocks. The combination of beaten-down coal stocks and new Fed
stimulus has been bullish. Coal names gained almost 135% in QE1 and nearly
50% during QE2.
"The mixture of QE and oversold conditions seem to bring the best out of
coal stocks," say LaForge and Pies. "How oversold are coal stocks today?
They are as oversold as we have ever seen them … and more oversold than
they were at the stock market bottom in 2008-09."
Arch Coal shares (ACI) closed down 7 cents Friday, at $6.11, and are down
more than 70% from their 52-week high of $20.83.
Copper and other metals-and-mining stocks are also good QE3 bets, NDR says.
But the performance of those investments, they warn, will be greatly
influenced by the pace of economic growth in China. | l****g
发帖数: 5080 | 2 头两样也是我的选择，不过我认为有红利，低PE的股票也同样值得投资。 |
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