I'm a lil confused on this one DE??
Submitted by Tim Knight from Slope of Hope on 02/18/2012 18:03 -0500
Apple
There's a very well-known publisher of market commentary which - like me - has been largely bearish over the past two and a half years. What is irksome to me is that, in the face of a market which has done little but push higher all this time, they keep pointing to a chart showing that in "real dollars" (in their view, gold) the market has indeed been crashing.
Ummm, that's stupid. Gold is an asset, but it isn't used as money in our society. Do you buy groceries with it? Pay your mortgage with it? Pay school tuition with it? I didn't think so.
I could make ANY prediction about ANY market and be correct if you allowed me to choose some kind of "currency" as a benchmark. Over any span of time, you can find something which has gone either up or down in value to support your claim, if that's what you're allowed to use as your divisor.
Let's try this. I've been bearish on the market, as you know. Let's say that the shares of Apple, Inc. are the most meaningful form of "real money." How have I done? Looking at the chart below, I'd say I've been spot-on.
I realize there's a difference between Apple and gold, but not much. 99.9% of our transactions are done within the borders of the United States, using U.S. currency, so the nominal value of the stock market, measured in dollars, is the most accurate judge of how predictions have panned out. I've been, by and large, bearish. I've been wrong. I'm not going to completely lame-out on you and divide the stock market by the value of gold, for God's sake.
more,,,,,,,,,,,,,,,,,,,,,,,
http://www.zerohedge.com/contributed/losing-graciously?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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