You're both wrong: the market began to rise the minute Obama stopped talking.
Don't listen to anyone (except Icahn, Tepper and the old (pre coke) Buffett).
Certainly don''t pay for any opinions.
Be careful, research, take long walks, ...
PS Don't listen to me either :)
I tried to short AAPL once...1997...I picked the wrong day. The next morning there was some announcement, and the stock quickly gained 13% or so. I quickly took my loss that morning and never shorted AAPL again:)
Gold is a non performing asset at every price, but I agree you can wait and buy some cheaper than it is now, maybe w/ a 4 handle, maybe not.
23 June 2011 it opened at a split adjusted $45.56
It's more than doubled since then--including div payments--
Even w/out the Div, it's very close to a double!
My guess is that it's the same desperation we see on this board (but w/ somewhat better english):
Stuck shorts talking up their books hoping to get back to even, or something close to it.
Shorts had a great ride from $700 to $385, but that's been over for a year now. Anyone still holding on to a short position is not very bright and has good reason to be desperate.
I'm new here.
I think we may be in agreement about the short term correlations.
I happen to think only a few stocks are in a bubble (A La 1997...Don't get me wrong, saying this is like '97 is not, in my case, going so far as to say next year is '98...)
Whereas I believe we are in a global bond bubble.
My limited research leads me to believe that inflation will hurt the stock market considerably, but that it will be relatively temporary--that good companies, even companies that went through the Weimar Republic hyperinflation, are a good store of wealth.
I agree that so far US Treasuries are seen as a safety play. I see this as a reflexive truth:
Something which is only true as long as everyone believes it to be so.
As for gold: it's a non productive asset at every price. I can't get excited about that.
[On a side note, I wish we had a sound currency the world could trust, and gold bugs could all enjoy actually holding gold. It brings no joy to have so much of the world's gold buried in central bank vaults.]