What a ride since I last posted! I thought I was losing my marbles, just when Mr. Market lost his. I jokingly told a friend from business school that I wish they'd refund my tuition at the University of Chicago for the "efficient market" crap they spoon fed us. But don't give up, Mr. Market has a way of correcting himself just when you don't think he can ever see senses again.
I've been a fan of real assets, especially when it's expressed in unforgeable precious metal such as gold. Yes, alchemy of the financial kind is not within the grasp of most mankind, except maybe the self-acclaimed George Soros. While bashing gold as the "ultimate bubble", he went long gold. Nice trade!
For the moment, however, my trade is to short gold, long euro, long equities. It sounds contrarian because it is. Not long-term, but definitely short-term. Oh me, oh my, what funny things go by!
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