Monday, January 28, 2008

Gary North, Investment Über God

A far better investment advisor than I, Gary North, gives it to us straight:

Favorite Myths of Stockbrokers

A sample:

I told my Website’s subscribers to get out of the stock market on November 5, except for (maybe) energy stocks, if they did not want to hold U.S. T-bonds, and a defense industry fund. To cover for the possible fall in these stock sectors, I told them to short the S&P 500. The rest of their portfolios were to be in foreign currencies (CDs), an international bond fund, gold bullion, and an FDIC-insured bank account.

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