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The chart shows the gains of the ETF GLD (gold) since March -- the market bottom (click on the chart to enlarge it).
The ETF for global financial stocks, REITs, and metals have outperformed GLD by a huge margin.
My point. Do not get too emotional about gold. You should treat gold as another commodity.
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 by Timer Digest
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2 comments:
Post the Fed Announcement - What the Fed is saying is not necessarily bad for equities, but markets look forward, and I think they are no pricing in a lot more growth and recovery than what we may actually get in 2010. Stocks are doing great, but the reality is Main Street is not. Sooner or later Main Street's reality will run into Wall Street's expecations, and we may not like what we see.
Stocks reflect the avalablity of liquidity.
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