He said it, not me.
Scott Minerd from Guggenheim said it’s time to nibble on the ark. Now is a good time to buy treasuries, following their pullback.
“It is impossible to get the timing of anything exactly right. You have to ask yourself, ‘Are you a speculator or an investor?'” Minerd said in an interview in New York.
“We are investors and we believe it is a pretty good period to start nibbling on Treasuries.”
I’m not gonna say a single bad thing about Scott. That guy looks like he could punch a hole through a cinder block. But, I will say this: Scott, one does not nibble on the ark. One takes starvation mode chunks out it and prays for salvation.
If you enjoy the content at iBankCoin, please follow us on Twitter
Every investment is speculative.
“That guy looks like he could punch a hole through a cinder block.”
Agreed, his hands are much bigger than Trump’s.
In other news, did anyone catch Gartman yestersday? He said that he changed his mind on oil becuase “The facts are changing in the world of crude oil.” In other words, his earlier analysis was flawless, but the only problem was that he had assumed that the facts in the world of oil would not change during his lifetime. Can’t blame a guy for making a sound assumption liek that.
On a related note, Gartman predicts that the FED will not raise or lower interest rates in his lifetime (barring facts changing in the world of global economics).