Saturday, December 29, 2007

Contradicting the contrarians

Cash is king for now, but later next year it'll be equities up, dollar up, bonds down, according to the round table on Safe Haven.

UPDATE

But Tim Wood expects the market to hit a low - "The straw that finally breaks the camel’s back may be closer than you think."

2 comments:

  1. Anonymous30 December 2007 at 03:58

    Here are my predictions for 2008:

    1Q: dollar rebound; equities trade sideways; prescious metals, agricultural commodities trade sideways; base metals slowly decline

    2Q: dollar resumes decline; equities trade sideways; prescious metals, ag commodities moderate gains; base metals continued weakness

    2H: dollar deadcat bounce before finishing the year 5 to 10 percent lower; equities continue to move sideways, capitulating at year end to finish about 10 percent lower; gold and silver climb to finish15 to 20 percent higher; same with agriculture; base metals finish down about 10 percent.

    Obviously, I'm not going to bet on the timing of these predictions. Next year, I will continue to strengthen my holdings of hard assets (long agriculture and gold) and long to scoop up some bargains, buying into certain weakness.

    Happy New Year

    ReplyDelete
  2. Sackerson30 December 2007 at 09:36

    Great to hear from you, Matt. Actually, you have provided more precise timings than most pundits and it'll be very interesting to see the results.

    Happy New Year!

    ReplyDelete

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