Well, Nemo... when checked early at opening, gains in my "portfolio" were anemic. Only now after closing does it look like YUGE later day "rally"
Indeed, what in the wide, wide world of sports is a go'n on here?
Guestimations produces two items (disclaimer: my past performance not only doesn't guarantee future results but should probably be viewed as a stern warning)
1) limited places/categories to invest in means the market is still the preferred choice for hedging against inflation. Let's not kid ourselves, productivity gains are not a reflection of stock prices. I think they are a much better measure of inflation, generally.
2) investors now believe (erroneously in my view) that the dread "Recession" will not be severe and that Interest Rates will either stay where they are or go lower again (it is, after all, an election year). A clue for me was Deere... those big industrial ag machines are spendy and Deer's share price was up today over 4% - in _one_ day!
On another note and interestingly, I see credit card offerings for people (with good credit) at 0% interest for _15 months_!!! So what's to stop me from opening an account there, maxing out my limit with precious metals which I hold for the year to see what happens? I think this would fall und "leveraged" investing but... a new style for me on the road to rack and ruin?
