I'm having trouble sleeping (bad) and I was going through some of the older blogs.
Back in June, or around that time frame, some of our Top Fools got into heated debates about the length of the rally and the gold market.
They appeared to fall on one side or the other.
Bulls: The market will go up and gold will fall to $650-$700 (I think I read checklist34 saying S&P500 to 1100 by Dec 2009 and gold down to $700. Sorry if I got that wrong dude. I'm too lazy to go back and find it.) So one out of two gets you in the Hall (in baseball.)
Bears: On the other side, we had the bears saying the rally was not shinola and gold was going to reach new highs.
How is that both were half right (wrong)? How do we have gold at all time highs and the rally still going at just about 1100 at Thanksgiving?
I'm not trying to start anymore slap fights between porte and gmx (I've been in too many of those lately anyway), but.........
I'm just curious to hear some thoughts on this. I suspect the answer on one side will be "gold is in a bubble" and the other side will be "stocks are in a bubble." Are they both wrong? Are they both right?
David in Qatar