Ask yourself, how often in my lifetime have I seen the stock index of a country go up 50% to 100%? Then ask yourself, if I just inherited $100,000, would I blindly invest in these indexes today? Why? Hopefully this article puts things into perspective.
Read More0Nov
4
2009
But the Elliott Wave folks miss one thing when they do their prognosticating, and that is “the unexpected.” In a perfect world with no outside influence, the ABCD patterns of Elliott Wave Theory seem to fall in place naturally. But Elliott Wave Theory doesn’t take into account external influences that can affect these patterns like what occurred earlier this week.
Read More0Oct
30
2009
CFP’s are great as advisors as they take into account the entire realm of planning when recommending how people should handle their finances and investments. They have to pass a comprehensive exam and are required to complete continuing education each year to stay on top of their expertise.
But even CFP’s can misinterpret the need for gold as part of a diversified portfolio. The reason is, the books they are required to read before taking the CFP exam don’t even address gold properly and there are no continuing education courses that addresses diversification into gold.
Read More0Oct
23
2009
Oct
15
2009
“DOW 10,000 (version) 2.0,” but is it really a better version, or even the same version as DOW 10,000 of 1999?
What most don’t realize is that the DOW 10,000 of 3/12/99 was worth more in terms of purchasing power than DOW 10,000 10/14/09 by a whopping 23.8%. Why? Because the dollar index has fallen 23.8% since March of 1999.
Read More0Oct
13
2009
Oct
12
2009
As I have repeatedly pointed out in this blog, the only thing that is keeping the game going for the economy at present is the fact that government spending along with Federal Reserve interference in the marketplace has created some green shoots. The consequences of this action for the short term has given us and these forecasters the mirage that “all is well.” The truth of the matter is that we are presently in the eye of the hurricane. The calm before the continuation of the economic storm.
Read More0Oct
8
2009
Oct
7
2009
At least so far, Joshua Zumbrun from Forbes has chosen not to post my reply that disagrees with his perspective. Since I know that many of these bashers of gold won’t post my replies, explaining to them where they are mistaken about gold, I make sure and do a screen print to show that I have in fact replied but they have chosen not to post that reply. Then I expose them here on my blog.
Read More0Sep
22
2009