Every single major asset class is posting positive performance!
“Looking at the chart above, one should be able to observe that every single major asset class has performed positively over the last 12 months. In plain English, whichever asset you bought a year ago and held until today, is returning some kind of a positive gain. Performance ranges between 5 to 8 percent on the low side (Treasuries, Commodities and Gold) toward 20 or even 30 percent on the high side (developed markets and in particular EU stocks).”
Listen to our interview with Chris Temple today as we cover this topic.
Click here to read the post that brought this chart to my attention.
Put me in your group.
Sure, every asset class looks good and positive when viewed at only the one-year mark. For those of us who bought mining & energy stocks several years ago, we have had to watch the last 3 years of suppression and stagnation, with barely a heartbeat flicker this “good” year. I’m going to need to see a lot more upward action to get to “zero” again, let alone positive on my portfolio. I’m anywhere from -60% to -7% still on individual stocks.
Tomorrow’s NFP report will be the “cover” they need to accomplish several things :
1. Run the Dow over 17,000 and the S&P maybe up close to 2000.
2. Smash the metals one last time; and
3. Stage one last US$ rally to maybe 81, or so.
Remember, it’s all about how many people can they fool all at once, and what better time than the euphoria of probably the U.S.’s most revered national holiday, the Fourth of July? Never mind that the hypocrisy surrounding it is so ironic and surreal that somewhere Franz Kafka may be giving it a standing ovation. This may very well be the last somewhat-enjoyable Fourth of July, before the Second American Civil War begins in earnest. And when the Second is done, the pieces won’t be worth picking up as they were following the first.
every asset class is appretiatng, well, qe must work.
until we get into a nominal or real return discussion.
but most people like quantity over quality for some reason, so maybe it does work after all.
notice I said “most” there are those of us out there that prefer their idea of quality.