Equity and Gold investors had a good reason to smile in 2010

Posted By on December 31, 2010

dowin2010It has been a positive year for those brave enough to stomach the stock market and remain bullish as the DJIA closed the year at 11,578 (up $7.80 today).

The year was far from a gentle, but still up except for the sudden and steep downturn prior to summer. In fact, hindsight says you would have been smartest to have put investment dollars to work in say … July … and if you tracked the DOW your gains would have neared 20% … not bad (see chart below). Of course most of us feel fortunate to have watched some of our investment losses return from the heavy losses a couple years back. Let’s just hope for a solid broad based recovery in 2011 … including jobs, confidence and real estate.

dow2ndhalf2010

There are probably a couple feeling really smug  … those who’ve been buying gold and are up 30% in 2010.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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