Flat as a Pancake
So, the S&P 500 closed flat as a pancake in 2011, the year everyone became a "macro trader." Wasn't this the year, in fact, when many observers have pointed out that the market correlations were the highest they have ever been?
Will it surprise you, then, to know corn was up while soybeans were down in the commodities space? For all the hootin' and hollerin' over the precious metals, gold was still up nearly 10% on the year while silver was lower by about 10%. I can go on with these sorts of comparisons, but my point is this: It might have been a macro-trade environment, but you still had to pick the correct grain and the correct precious metal in order to have become a winner in 2011....432 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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