Cramer has been saying for months to invest at “home;” companies in USA with business mostly or completely in USA. Today Kass’ opening missive says the same and provides Greenhaus’ chart which demonstrates the profit margin for USA companies.
As I have previously written, sharp and growing differences in geographical growth are now emerging.
Europe’s economies are moving in reverse. There is a sense of hopelessness.
By contrast, the U.S. economy is expanding at a modest but steady pace. In the U.S., there is hope. taken from Kass’ post on realmoneypro.thestreet.com