Take physic, pomp

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

That title line was Doug Casey’s call on the stock markets on October 21st 2014 in the “Casey Crash Report” special publication (yours for just U$20). In it the Casey Research team strongly urged and exhorted and breathlessly recommended that you should expect the broad markets to crash, you should short KRE and IYT and you should buy gold as insurance.
Here’s how those four squiggly lines have got on:
  • No market crash, in fact the SP500 is up by 9%.
  • KRE short big fail, you’re down 15%
  • IYT short has recently gone positive, it’s now up by a full 1% (with luck that covers your commish costs for the trade)
  • Gold insurance big fail, you’re down 13%.

Or as IKN put it on October 22nd 2014, the day after that Casey Crash Report stupidity:

“It’s the same failed theory as always. It’s peddling fear. It’s not going to happen. 

“And as explained here on September 3rd, Casey’s been peddling this very same stupidity since at least 2008, probably much longer and has been proven wrong, time and time again. Now he wants to you buy his proven incorrect economic theory for $19.95. Fool me once, shame on you, fool me twice, shame on me, fool me four hundred and sixty four times, die poor.”

All hail the guru Doug Casey. 

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