The chart that matters most

As the punditry offers blow-by-blow on the daily swings and staggers of our punch drunk global stock market, we offer this simple update on all you really need to know:  US$ moving up.

Source:  Cory Venable, CMT, Venable Park Investment Counsel Inc.

Recall the lesson of 2008 as captured below :  US dollar up, stock and commodity markets down.  The rest is simply noise.

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8 Responses to The chart that matters most

  1. dazzo says:

    Squids, Morgans & Counterparty Risk: Blowing Up The World One Tentacle At A Time

  2. dazzo says:

    Attention Passengers on Global Equity Flight 2011: Assume Crash Positions

  3. dave says:

    I was reading a David Chilton article today. He claims that people are looking at their portfolios too much these days and are being caught up in the emotional swings of the market which leads to buying and selling at the wrong times. He claims the most successful investors almost ignore the short term and medium and just hold for the long term. Seems counter to what you folks suggest.

  4. David Chilton was a stockbroker for a very short time and then wrote a best-selling book which sparked a wide following and successful speaking career. This is how he made is money. His formal education in finance amounted to an undergradaute degree in economics and the Canadian Securities Course which is the most basic entry level exam one can sit. See About the Author on Dave’s own web site for his bio. None of this is to take away from the fact that David is an excellent marketer and entertaining speaker and may well be a very nice guy. But as far as risk management goes, as far as how to build and preserve wealth while investing in publicly traded markets, David is one of the many wrong people to be getting your advice from.

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