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RE: Down goes the Dow
to continue with my airing of predictions:
well I have to fess up - I made two predictions in 2015 and both were utter carp.
In January I predicted Greek stocks would have a good year...and they didn't. Down 38%. I bought that one on contrarian and valuation arguments - among the cheapest stocks on the planet, everyone hated them, blood was on the street...but they kept falling. In euros they are down just 29%, so I was hurt by the dollar also.
I also bought Shake Shack based on its biz success...and it must have had some e coli or something because I am down 18% on that one.
Still holding both because I believe in the theses.
These are of course combined something like 0.1% of my investment portfolio - almost everything I own is low cost index funds.
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