No. of Recommendations: 12
Thanks. For someone who has been net short US stocks all year and over 2/3 cash, I have done amazingly well overall. Stopped clock theory? I guess my stock comments would be even more useful if I were wrong 100% of the time instead of just usually.
Up 17.25% YTD looks good in US dollars, though of course I'm up only 3-5% measured in other currencies.
Since it's the falling knives board, consider the greenback. This is the return of SPY year to date measured in a mix of non-US currencies:
https://stockcharts.com/sc3/ui/?s=SPY%3A%24EURUSD&...The US market is very much NOT hitting new highs at the moment--an index fund position would buy you less general purpose "stuff" than it did a few months ago. Global purchasing power of the S&P in tradeable goods and services (pretty much everything these days) peaked in late January or early February and is down around 10.4% since then.
Jim
