carl_p_rs: Regaring George Cole's persistently negative postings on the US stock market:
1. his call on the Japan rally was excellent. 2.his calls on gold have NOT been good. George has persistently tried (unsuccessfully, I might add) trading in and out of the gold stocks and has missed the big picture here, imo. Instead of recognizing that gold is in a strong, secular bull market (albeit with much volatility) and simply holding his gold stocks, he has gotten shaken out numerous times, usually the wrong ones.
3. calling the bond selloff was not any great feat. Anyone who follows the market could tell we were at or near the lows in the bond market. Even the major pundits got that right. The only question was when, not if.
My point is that George is beginning to sound like the proverbial clock with regard to his every other post calling for an imminent steep decline. This has been WAY off of the mark and not only hasn't a decline of any substance occurred, it is unlikely to do so for quite some time, imo. Sticking one's head in the sand and ignoring what the market is telling you may prevent you from losing money but it also prevents you from making some easy money.
I am not telling you or George to load up on internet stocks or unprofitable micro-tech stocks that have already had a 400%-700% runup. I AM saying that SOME exposure on the long side of the US equity market will be prudent and profitable over the next 6-9 months. George is ignoring what the market is telling him and everyone else.
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