IKN

full of sound and fury, Signifying nothing

Regarding pet rocks

Via Biiwii this morning, I get to click through to this post at The Macro Tourist which shines a light on the track record of one Jason Zweig, the guy who called gold a “pet rock” last week. Turns out the same “expert” top-ticked GDX, calling the miners a buy right at the very top of the top. In TMT’s words…

“Man, I have had some bad calls in my day, but this one by Jason Zweig makes them look like slight hiccups.  You decide if the pet rock article is bullish or bearish for our poor little yellow friend…”

It takes skill to bottom tick the market. But that moves to utter mastery when you already top-ticked it a couple of years ago. I laughed hard at this, top stuff.

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