The broad based stock market rally continues unabated. Large, mid, small, international, sector, it’s hard to go wrong it seems. Emerging markets are hottest, but who isn’t satisfied with their 50 hottest stocks large cap gains since March, 2009?
The markets continued to gain through the “dog days” of summer, when they were not supposed to, even holding unbelievably steady through traditionally wicked September/ October (when I thought it would be back at Dow 5000. I only missed by 100%). It has gone way past my (theorized) hopeful high Dow guess of 8969. Of course this skyrocket has no more basis in reality than ever it does.
-BUT-
You Missed the 37% gain at Dow 9000? Stayed safe in a money market? Now buy high (now that it’s up like 60%) like we always do. Better late than never? Let us hope so.
You buy, I love you long, long time G. I. Come on, everyone’s buying into distribution December.
Watch out in February.
(Everyone) who was scared to death in early March, and put all their dough in gold, congratulations. Gold was over $1000 per ounce in early March and gold stocks were rocking. That was a good buy! (Now that it’s up nearly 20%.) NO! The Dow was a good buy at 6600. When gold reaches $400 per ounce it’s a good buy. Then we can turn it for a stock market matching return.
We never get it straight. We always overreact. To be fair, a few people do get it right. I worry about the concurrent rise in safety and gambling investing. Who’s got it right?