Tom Yorke
35 posts
For a few minutes there at the close of trading in the gold market on Feb. 29 I felt like I was witnessing a slow train wreck.
We recently had a chance to ask Tom Yorke of Oceanic Capital where he sees markets headed through the rest of 2012.
With several possible sinkholes visible around the globe, we will still be looking for downside protection.
The word that sums up 2011 to us is “hubris" - amazing amounts of it slimed the markets in all corners of the world.
Lately we feel like we are stuck in the Seinfield episode where everything is upside down, good is bad and right is wrong.
Tom Yorke's radio appearance, where he discusses some of the major themes in his three Covestor models.
The core forces that were at work for the last 12 months haven't changed and should reassert themselves once these big hedge funds have been blown out of this market.
The mantra I adhered to – both while leaving Colgate and sitting at the trading desk – was first to take a deep breath, and then focus on the higher reality: we had planned for this and we were in a pretty good place.