World Markets

Here is an interesting article on the state of the worlds markets. I pretty much agree with everything written.

http://www.financialsense.com/editorials/odonnell/2006/0410.html

Unfortunately if the U.S. is losing it's dominant position it will not bode well for the EK Managed Equities portfolio as they are benchmarked to the MSCI world index which is currently heavily weighted in U.S. Equities. If Europe and the Far East continue to do well and the U.S. drags that will result in flat to slightly down prices in the EK Managed Funds. I will be watching the charts like a hawk over the next few weeks.