If you want international exposure for the more conservative portion of your portfolio, take a look at American companies with broad international reach, and/or some foreign companies with the same.
JNJ, BUD, Motorola, Coke, McDonalds, Toyota…
Part of the reason for the quick rise in the blue chips yesterday was the devaluing of the dollar, which made the international income from the big boys worth more dollars.
Companies like JNJ–all other things being equal (big assumption!)–likely will keep their US business steady, dollar for dollar, during a downturn. While their Euro income, and international growth will give you some hedge against the falling dollar.
While you are waiting for the recovery, learn a Chinese dialect Dongyi, you’ll be set for the new, new economy ;^)
Joi wooi