He’s an idiot. Rear Barron’s report on his stock picks UNDERperforming the indexes over many years.
But, I am guessing he’s right in this case that yesterday saw the short-term bottom. I’m expecting this “bump” continues up a couple percent maybe 5%. I’m currently LONG this market, except for my short oil sector position. I am guessing that markets head up for a few weeks (days?) and then continue their long nasty slide down much further into the dark abyss.
I did buy NOK yesterday, got very lucky on that. Up 15% in 24 hours, off yesterday’s bottom. I should have bought more of that NOK yesterday. (I only made enough to pay for a family vacation, not enough for a new car.)
For those who said at $865/ounce, gold was headed SOUTH…
You were WRONG, so far.
I should have ignored those forum posts. I currently have 25% of my portfolio in gold, but your comments made me hesitate and I missed $20 of this recent $40 move up to $910 because i listened to you gold bears.
Next stop for gold: $1200/ounce, and we reach that price sooner than you expect. I say this year.
