Although long term fundamentals are truly horrible, it will take time for them to be felt in earnest.
The current data is showing recovery, with some reputable research outfits showing a very strong recovery in the making. This recovery IMO will not take us into previous ranges of economic health but it definitely bodes well for the stock market in the short [six months or so] term. There is therefore moolah to be made in this time frame.
I bought my first non-PM equity in ages recently, Nucor Steel. I have owned it before, about 4 years ago, had a very nice trade, and consequently know a bit about it. Jim Grant recently recommended it. Though his individual calls can be outrageously wrong, I think his reasoning on NUE is sound, certainly good enough for me. I bought it again.
Also been buying silver via downtrodden silver miner HL which is in a lot better shape than its share price suggests. Silver IMO is undervalued in relation to gold, which is undervalued itself. Decent balance sheet, good reserves, reduced costs of operation, rising prices, etc.
I therefore recommended your bull post.
I cannot possibly be wrong, Russell agrees with me. vbg. |
