Loading ...I’m thinking another day like this tomorrow and then launch on Friday after the PCE.
Place your bets.
The more I think about it, most of the stocks in the indexes have been 10 baggers in the last 20 years, some more. Even non-tech, LuLu Lemon is $360 fer Pete’s sake.
Mining has been one of the only sectors that has not participated in the liquidity (inflation) trade since 2009. We have stocks that are lower now than they were in 2002 in pm’s. Even the blue chip miners like RIO and BHP haven’t seen the big run up.
Maybe things are about to change as demand for natural resources explodes and real commodities act as anchors for currencies. Maybe now is the time that some of the old school industries like mining becomes in high demand.