On October 21st Casey Research charged its bleating flock $20 for its “Prepare For the 2014 Crash” report. And after urging you on in this form of purple prose…
“Now is the time to take action. Not in the next few months or even in the next few weeks—Right now.”
…in the wondrous document, let’s see how the Doug Casey prediction is panning out. Integral parts of the plan were to do 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 main event S&P 500:
Doug, the S&P is up 7%, Doug.
Does that mean you’re wrong, Doug?
Does “now” mean something extra special on the lonesome planet where you live, Doug?
Are you a fuckwit yet, Doug?