maandag 8 januari 2018

Cryptos Are in Fin de Bubble Mode

Bill Bonner


Source: Capital & Conflict

BALTIMORE – The big news last Friday was that the Dow hit a new record of over 25,000.

We’ll get to that in a minute… we’re still looking over our shoulders at last year’s performance.

Let’s see, the top-performing U.S. stock market sector last year was technology.

An investment in the top 100 Nasdaq stocks went up 34%.

Then came a list of also-rans – from the Dow (up 28%)… to the S&P 500 (up 22%)… to the energy sector (down 4%)… all the way down to the worst-performing sector, natural gas (down 44%).

Our Reversion to the Mean (R2tM) portfolio gained 33% last year – not bad for such a simple strategy.

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