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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (8645)	1/11/2008 3:05:39 AM
From: Patrick Slevin	1 Recommendation Respond to of 33421

I happened to just be thinking about gold versus stocks, in many ways gold makes more sense than any given stock. Take a stock that has a hundred million shares in the float and during the course of a year trades between 20 dollars and 30 dollars a share. Well, we are saying that the value of that company somehow went up or down a billion dollars in 12 months. Let's take YHOO. It traded from over 34 down to below 22 since October 29. So less than 2 and a half months. 1.34 billion shares, so the value of Yahoo from high to low dropped over 16 billion dollars just since the end of October. A third of it's value, in less than a Quarter. There was probably a time when people would think 16 billion dollars was a lot of money. In many ways, when you look at stocks gold looks like the more sensible investment.