A quick lesson about what’s supposed to happen and what will actually happen, contained in a handful of tweets…
Airline stocks up 9% last month and 28% year-to-date, the second best performing industry group of 2013. And look ma, no ETF.
— Downtown Josh Brown (@ReformedBroker) November 2, 2013
Metals & Mining stocks are 2013’s worst performing group, down 27%. Hard assets newsletter guys won’t print that stat. It’s Obama’s fault. — Downtown Josh Brown (@ReformedBroker) November 2, 2013
Conventional wisdom has been that airlines are permanently uninvestable and metals are a safe haven. Another playbook tossed on the fire. — Downtown Josh Brown (@ReformedBroker) November 2, 2013
S&P 500 gained 3% in September, “the cruelest month”, followed by a 4.5% return in October, historically the most volatile time of year. OK.
— Downtown Josh Brown (@ReformedBroker) November 2, 2013
It’s not “different this time.” It’s different every time.
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