Story Comments

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Wow, Don Luskin is finally bearish on equity performance! That-a-boy, Donny, way to get "ahead of the curve" on that call--you were only 18 months late. HA HA!! You're too funny, Don. Don't you ever get tired of making a fool of yourself?
Since you've been the most reliable contra-indicator, it's now clear we're AT THE BOTTOM for equities(short-term only). My fellow readers, I expect a HUGE snap-back rally in the following weeks--it's time to go long!! Remember though, when Luskin gets positive again (it should only take a couple weeks), sell immediately and go short again. For me, this has been a proven formula for success.
By the way, Donny boy, your current call on gold is so ridiculously flawed--it would take three pages to list all the counter-arguments. Suffice it to say, you're on the wrong side of that trade too.

I think gold will cross $1060 in the next few weeks.

Luskin is on Gold. That means that gold is DOOOOOOOOOOOOOOOOOOOOOOOOOOOMED! Luskin's calls are stock market POISON!

Gold is hedge against inflation ... not an investment in the sense of buying assets and hoping the price rises and selling them at a profit. Gold is a way to preserve the value of your dollars in the case of inflation. We are currently experiencing deflation ... but the Fed has pumped so much fiat money into the system ... that an avalanche of inflation will begin chewing away at our money as it filters down. Obama is going to fix a problem, caused in large part by too much debt and too much spending, with MORE debt and spending. Inflation approaching 15-20% is possible if the madness doesn't end.

I agree Ben will print us out of deflation, Citi and the like will be nationalized and fear will ebb and inflation will be upon us. (prob as soon as end of the year).

I don't buy your gold argument.

For gold to continue to do well you need stagflation not just inflation.

I think blue chip dividend paying stocks is the only good defense against inflation. This is the time to buy WMT, PG, JNJ, PEP etc. Not only will you be collecting some income but the underlying asset will keep on inflating.

you've been calling a stock bottom for months on end, and have also called for an easing of the housing market. now you're touting gold. might it be that you're just trying to save face, mr. luskin? allow me to inject a does of reality here: capitalism is imploding on itself, and bailouts are not going to bring us out of this unholy mess. it's simply going to weigh down our children, grandchildren, etc., with debt, debt, debt. it seems to me that buying gold, or any commodity (including stocks and real estate) is a knee-jerk reaction to a futile effort to gain wealth. CASH is going to be king for decades to come. i suggest that you come to grips with that reality.

Oh oh. Lukskin is the great contrary indicator of markets. If he's touting gold, time to sell your American Eagles. He was telling us to buy buy buy stocks all last fall because the crisis was fake. Funny, he doesn't talk about all those columns now. I guess it's on to pimping gold, huh?