Tuesday, October 06, 2009

Laughable headlines: Stocks up today because of a "commodity surge"? Or did commodities surge with stocks because the dollar got whacked?

Here's something to think about, gold was up 2.5% today while the S&P was up 1.4%. Priced in terms of gold, the S&P actually dropped 1.1%. It is an illusion to think that you made money today if you own an S&P 500 index tracking fund. You made dollars, but you didn't make any value.

2 comments:

Anonymous said...

Very Good Point Pyth, I like this article. Thumbs Up..........

Anonymous said...

Shorting http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx

on a break of 50.