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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
