December 28, 2010
One can never time the market – investors either buy/sell too soon or too late.
Barring a catastrophe along the lines of North Korea bombing its southern neighbour, indications are that the public is confident the recovery has taken hold. I am not yet sold on this, but the data point to improving economic performance all around.
Separately, it’s been proven over and again that as soon as the mainstream media start dedicating their front pages to a specific asset class it is time to sell that asset class.
Today’s National Post and a recent Globe and Mail feature on gold tell me that maybe that asset class is near its peak.