Hello ACF Mike, <<Just curious ...>>
Here we are, just so many months after this post Message 19556748 .
I had guessed at the timing only because you asked me to guess.
You may claim that I am wrong about timing of the defining collapse, but let us not quibble, October certainly was not a good month for equity (low for the year) as the crowd stared ahead … they got their nerves steadied in November for no particularly valid reason, and soon enough will realize what must be ahead in 2005.
Brian and you recommended these Message 20152260 holdings, and had anyone followed your clue, equally weighted, they would be up 17% in USD terms (not bad) and up 8% (as good) in Euro purchasing power. After inflation, 4%, after taxes, 3-ish, risk-adjusted, too small to matter.
Had anyone followed Brian H’s lead, equally weighted, they would be down 9% (horrible) in USD terms, down 16% (disaster) in Euro dimension, or some number around there, close enough for government work. I will dispense with the inflation embarrassment (we must be generous in our heart) and tax treatment insults (why kick when the guy is down already). I hope Brian did not rely on his DD too much, for getting in tune with the Force is easier.
Your hope that the gold would be trading lower rather than higher in 2004 is looking if-ish, but then we still have a few days to go. Perhaps in 2005 then.
The year ahead? Let me close my eyes, put my right hand to my forehead, palm facing out, and see if I can detect the perturbation in the Force … worldmarket.blogspot.com
Chugs, Jay |
