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THE STORY OF HOW GOLD FOOLED RECESSION. DID IT?

We are not in times of mess. We are in times of unprecedented mess. Not because people have lost lot of money, but because loss is messy, loss of jobs, loss of a house, loss of a client, loss of purchasing parity, loss of belief and confidence. We also lost benchmarks about what market acumen really means. Is it about J P Morgan’s quantitative skills costing taxpayers millions of dollars or about Northern Rock, the smart bank of United Kingdom which went bust? We are just witnessing economics the way Elliott once said, “Laws of economics are as they should be, ruthless”.

And if you think flunking finance will teach us, you are mistaken, the fool’s gold is a mirage which will continue to occur with cyclical precisions, just a few learn, rest perish. Abraham Lincoln said, you can fool some people most of the time, all the people some time, but you cannot fool all the people all the time. Markets will thrive till it can fool all the people some time. Markets have to live you see, so it will keep fooling a few of us all the time. We at Orpheus know that the challenge is to be fooled less, as it’s the human destiny to be fooled sometime, as you can not fool the market anytime.

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