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.
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.
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2 comments:
Very Good Point Pyth, I like this article. Thumbs Up..........
Shorting http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx
on a break of 50.
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