Every why hath a wherefore

It’s now eight weeks since the Doug Casey “Market To Crash NOW” call

On October 21st Casey Research charged its bleating flock $20 for its “Prepare For the 2014 Crash” report. And after urging you on by saying (and we quote)…

“Now is the time to take action. Not in the next few months or even in the next few weeks—Right now.”

…in the panic-laden Crash report, let’s see how the Doug Casey prediction is panning out. Unlike the memory-lapsing Olivier Garret who tried to lull us into some revisionist bullshit on November 26th, we at IKN are clear about the main calls and trade recos offered by Casey Research in its paid-for panic call in October. The integral parts of the plan were the following:

1) Expect the broad markets to crash
2) Own gold as insurance
3) Go short the regional banks ETF (KRE)
4) Go short on the Dow Trannies ETF (IYT)
And here’s the chart of the last month in those four vehicles, including the the S&P500 to cover that all-important broad market crash headliner:

In short:

  • The S&P500 hasn’t crashed, it’s 2 1/2 % over the last eight weeks
  • Also true for KRE, which is up 3%
  • IYT has been higher of course, but it’s still 5% up in the period
  • Meanwhile, the safe haven call of gold, the one that should have gone up, is down by nearly 5% in the period.
In other words, Casey’s still running a score of zero out of four. At what point will Casey Research refund the $20 it charged for its “Market To Crash Now!” call?

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.