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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s