Donald Coxe’s monthly investment report, entitled “Basic Points” (subtitled “Capitalism Faces Its Greatest Challenge” for the November 2008 edition), has just been published. He is Global Portfolio strategist of BMO Financial Group and widely followed for his “big picture” views.

Like many commentators, Donald was caught by surprise by the rapid financial meltdown and plunging commodity prices. He said: “… we certainly didn’t anticipate the sustained earthquakes and hurricanes we have experienced in recent months.” He argues that it will be a long time before complacency returns, but that the “era of fear” will probably end soon.

Donald’s latest investment recommendations are reported in the paragraphs below, but I do recommend you also read the

Donald Coxe, Global Portfolio Strategist of BMO Financial Group, has just published the May issue of Basic Points – Traders of the Lost Ark (courtesy of GreenLightAdvisor). This report is a firm favorite with investors as Donald has established a great “big picture” track record and built a large following over the years. His eloquently phrased investment recommendations are particularly insightful and are repeated in the paragraphs below in an attempt to make sense of the troubled times encountered by financial markets.

1. Assume that the leading US forecasters on the US economy will be cutting back on their economic and earnings forecasts. You could be pleasantly surprised, but

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