LT,
Your man Fleckenstein makes some good points-same ones he's been making for last 3 years running. He and Jim -inflation is rampant and you'll never see an under 6% long bond in your lifetime -Rogers undoubtedly will be vindicated one of these days just as surely as the 2d millenium will be followed by a 3rd.
Yes, it pays to be wary and careful with your investments/bets now as at all times, but these 2 "experts ability to accurately predict tomorrow's, let alone the future's, stock market activity is comparable to the ability of the media's "legal experts" to predict the outcome of a motion for summary judgment in a federal court in Arkansas.
Speaking of experts, did anyone catch Joe Battipaglia's (chief stategist, Gruntal) act tonight? I never (well, not after the first time) act on an analyst's opinion alone, but when Joe speaks, I listen. I've followed him for years and he has been on-the-money many more times than off. So much so that if he is strong on a stock that I don't own, I will give it a much closer look I otherwise would.
FWIW, Joe is hot on transportation (LUV, Union Pacific for turnaround play) and cold on commodities like gold and oil (thinks oil companies won't do much), BUT he likes drillers and servicers like RIG and SLB. I don't own either yet, but I intend look carefully at them now. |
