>> The GDP rebound is here. The stock market rebound has been here for 6 months. The bond market rebound has been here for 9 months and change. Everyone who has listened to me about it has made money and lots of it. <<
For the record, last Fall, I predicted on FR GDP growth by June. In June, I warned on FR not to be fooled by GDP growth of 3-5 percent. My investments are very aggressive, but mostly oversees to capitalize on the weak dollar. They rose 28% last quarter. (Unfortunately, I’m just starting out and have been focused on reducing debt, so that’s 28% of not a lot of money.)
I’ll admit, I didn’t expect the recession to be nearly this bad, arguing in 2Q 2008 that the economy was threatened only by doom and gloomers. But then, I didn’t expect the Bush Administration to scream, “OMG, We’re all going to DIE” to a special joint session of Congress. So events on the ground can always screw up predictions. Again, fortunately, I was paying off debts so wasn’t heavily exposed to the drop.
I’m simply reporting the data, with maybe an attention-grabbing headline; you’re the one giving (remarkably bad) investment advice.
O, and I’m leaving my money in the stock market, just moving more of it towards “Old Europe.”
Stop. Lying.
It isn't any cuter when you do it...