Thursday, March 20, 2008
This Week's Triumph of Howard S. Katz
Last week Howard S. Katz pulled out of gold and commodities and went long on stocks. The next day his stock picks went up 15%. They fluctuated since but are now significantly up. Many who heard of this move last week were puzzled. Mayer Rothschild once said, leave the last 10% to someone else. Howard seems to have left the last 5%, for although gold went up to $1002, it is now in the $920s, and Howard sold at 950. In place, Howard bought certain specific stocks that have aggressively outperformed the indexes. Howard's "conservative" portfolio is now at an all time high. Yay Howard!