Author: Mitch Jones
Covestor model: Price Momentum
My mid-life crisis has arrived — way too early. That’s what I was thinking today as my four year old destroyed me in a game of Mario Kart Wii. A four year old (!) beat me, who grew up in a house where the family TV was always accompanied by an Atari, Nintendo, or Sega console! I didn’t see this coming. Six months after being introduced to the Nintendo Wii, my son has suddenly become a Mario Kart expert. He has zen-like focus as he turns the plastic wheel, racing his virtual Luigi around the track like Jeff Gordon. Now I can’t even win when I try.
At least I can take solace in beating the market the last two months. November was a good month for my investment model, as was October, ending a decline that began in July. I hope to continue this trend, but I am bearish on the market as a whole in the coming months.
I don’t have any bold predictions for next year, but I think the markets will become even more volatile as we enter 2012. There is plenty of downside possible. The Euro could collapse. Oil prices could rise 50%. On the other hand, companies may be ready to start hiring again after holding out for so long. If employment picks up, the markets could take off, especially in the U.S.
As 2011 closes out, I want to wish everyone a Merry Christmas and a Happy New Year. Good tidings to you and your family!
