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David Garff, Accuvest Global Advisors CIO and president, on where to consider investing outside the U.S., amid the fiscal cliff debate.
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Uncertainty lingering in the United States over the fiscal cliff should you be looking to invest elsewhere in the world gotta be some more -- -- out there rival David golf.
He is the activist global advises president and chief investment officer has a list of countries that he says.
A worth betting on he joins us today David thank you for being here let's get right to it.
Top three countries what which one should we be looking at business has a great alternative to here in the US.
Right now we we really like Turkey we like China and that maybe in somewhat of surprise like Austria quite a bit right now why Turkey.
A -- got great fundamentals the earnings growth is substantial.
Leading indicator growth is excellent they've got great momentum.
It's a little bit may be more risky than average country in valuations are kind of average but but those -- did it from those two perspective from fundamental and a Andy -- momentum perspective that looks fantastic.
China you like China we've talked about China -- one of the original brick countries com but it hasn't been so hot recently and it's hard to get a real sense of what's going on this.
Sure and again looking at a from the perspective that we do.
And it has great fundamentals and earnings and then again leading indicator growth is is excellent in China and actually surprisingly.
Relative to the rest of the world the last six and nine months China has done pretty well.
It does have a higher risk profile than average but it is cheaper than the average country so.
If you look at it from three out of those four are pluses it's a good -- China yet.
Austria so while -- -- ever there was one sure they do and -- -- -- -- effect -- They do a lot of different stuff actually and the one thing about Austria's that market is not dominated by financials because like most of the other markets in the world deaf and so the the fundamentals again -- great there.
The Austrian market as the fourth best market and in terms of the countries that we follow over the last twelve months of state and the only place that really has a little bit of may be a tough time is in in the valuation area okay I wanna see the bottom three countries -- to get to this quickly David Chile Taiwan.
Tracy Italy.
Not so great now unfortunately for -- it actually doesn't have anything going on -- it's it's this third most expensive country follow.
Yeah high risk yeah no momentum no fundamentals tough -- unfortunate for them Italy -- But everything else is disaster.
And Taiwan less risky.
For valuations.
For momentum for fundamental spirited Turkey China Austria great stuff they picked -- thank you for being here thank you appreciate -- everything is not a disaster it's.
Back -- -- product of these safe huge.
Love math good thought that there is they love and then let the lovers.
So I mean not that -- live on nothing.
-- claimant cases in the last hour of trading she's talking up this good clip and housing the -- withhold Brothers CEO.
Plus IMAX CEOs they're Tuesday and talk movies -- that closing --
