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18
Feb
Mark on CNBC’s “Squawk on the Street” – Market Edge
Larry Nusbaum, of the Vertex Fund, and Mark Matson, of Matson Money, share their investment strategies and debate about gold and commodities. Leave your comments below!
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February 18th, 2010 at 1:09 pm
Great job Mark. You get better with every appearance. I love how the other person mentioned how gold has been “trending” up for two consecutive years. Well great…. so did Tech stocks in the 90′s and we all know what happened to that bubble.
Looking forward to seeing all your other appearances on the trip.
Keith Laibson, Investor Coach
Family Wealth Partners
Concord, NC
704-782-9064
February 18th, 2010 at 1:09 pm
Although gold has been up the last few years, from 1833-1976 it was flat as a rock. Talk about jumping on a bandwagon.
February 18th, 2010 at 1:14 pm
Seriously, Larry would rather buy a Big Mac instead of an investment in a long term stock! Mark, keep it up, these speculators need to clean their crystal balls. I think Larry doesn’t know what diversification means. Real standard deviation for Gold is 37.10% with a real return of 4.6%! Run for the hills indeed Larry.
February 18th, 2010 at 1:15 pm
Maybe Mr. Nusbaum thinks you can buy football picks as an investment strategy too?
Mark, Funny the crawlerr below you says “Dow still on track for best weekly gaim in three motnsh and this guy is dissing equities. What the heck?
Nusbaum’s problem is that he is looking for stock pickers, which is gambling like buying gold. He does not understand how to build a truly globally diversified portfolio that captures all the market returns.
February 18th, 2010 at 1:19 pm
Talk about speculation!! Is this guy for real?? Gold produces no wealth long-term. Way to lead the charge, Mark!!
February 18th, 2010 at 1:24 pm
Is that all Mr. Nusbaum has, gold. He’ll hang his hat on 1 commidity,that as you said is a terrible investment long term, wow. I would run for the hills, rather than follow his advice! I wish you would have jumped on him harder! Great job spreading the word.
February 18th, 2010 at 1:33 pm
Bravo Mark! Mr. Nusbaum could only focus on gold versus the dollar; he didn’t really have anything to say against your long-term faith in equities. At the end of the day you both have to convert to dollars to buy anything. He is just stuck selling one asset class. These appearances on the networks are the best contrast to an industry stuck with weak guesses about future events. Very well done. I’m excited to share this with our clients.
February 18th, 2010 at 1:39 pm
Mark,
Well done and you held your ground like a champ! That said, it was frustrating as hell to watch that. I wish you had more time…
When one person is talking short term and another long term, they may as well be speaking Greek and French to each other.
If youre by the exchange look me up. I’m 2 blocks away
)
February 18th, 2010 at 1:49 pm
Gold is great to wear, that’s about it. Gold is the “easy” answer for someone who doesn’t have a clue about true investing and how to build a globally diversified portfolio. These are the type people who jump on whatever bandwagon has most recently moved. One asset class, are you kidding me Nusbaum???? I think the title of Glen Beck’s book “Arguing With Idiots” is a great description of what you did in this segment Mark! Great job and keep it up!!!
February 18th, 2010 at 1:55 pm
Mr N is just not in your league. He wants to sell his gold to any sucker out there at these high prices before gold drops to 800-900 which he predicts… make a quick buck on the unsuspecting public…. shame on him!
margaret
February 18th, 2010 at 2:00 pm
Larry unfortunately has the same opinion (and problem) as our government – he would rather spend $5 on a Big Mac than invest in the long term growth of our economy. Additionally, why does he make the assumption that just because folks will still use toothpaste that it WILL be P&G producing it? Arrrrrrgh!
February 18th, 2010 at 2:03 pm
Mark, This is a great piece we can share with our clients!!!! Its guys like Nusbaum that continue to live in a fantasy world.
February 18th, 2010 at 2:49 pm
Mark,
Great job! What is Nusbaum going to convert his gold into, Euros? Yen? Sounds to me like he was saying buy gold at $1,100 to $1,300 an ounce, and watch it tumble to $800 an ounce. Isn’t that buying high and selling low? If the dollar is so bad long-term, I hope he plans on eating his gold!!
February 18th, 2010 at 3:17 pm
Wow! Mr. Nusbaum was quite the “Smarty-pants” with his lame analogies of “Happy Meals”. So, what are the earnings of GOLD nowadays?
February 18th, 2010 at 3:40 pm
Great Performance Mark, Unfornately, Mr. N is stuck on the gold stuff and not listening nor does want too! Short but Great !!
February 18th, 2010 at 3:57 pm
Does this guy sell gold? I wonder where he makes his living and what his $$ is in. 100% gold? Doubt it. Why isn’t there disclosure of that on these shows?
February 18th, 2010 at 5:17 pm
Gold was at $850/oz in 1980. Based on inflation it should be at$2,250 today. What a great investment over the last 30 years. Talk about gambling.
February 18th, 2010 at 5:18 pm
Mark,
Great job of staying true to what we do and avoiding any argument that requires a forecast or prediction.
How does Nusbaum sleep at night? He makes money scaring people into buying gold on the way up and will have to scare them again into selling when it goes down and eventually it will. Like you have taught us nothing grows to the sky.
One of your coaches,
Ross
February 18th, 2010 at 5:26 pm
Only wished you would have enlightened the other guy and the audience about the return of gold vs. equities since 1926. $4 million vs $378 million, with the same risk.
February 18th, 2010 at 5:34 pm
You can’t fix stupid. Or evil. Everything he says is counterfactual. Everything Mark says is evidence-based. Go Mark. Never give up!
Thanks for all you do.
February 18th, 2010 at 8:52 pm
I remember a wise person saying that gold is great for jewelry, bad for investments!
February 19th, 2010 at 11:11 am
Mark , the taflon king!!! great job not letting Nusbaum’s comments on gold stick. Clearly his message was all about the short term and speclating and gambling.
February 19th, 2010 at 11:13 am
Gold is up. No wait, now it’s down. No WAIT it’s up again. Oops, it’s down again.
Maybe this is what he means by a “New York Minute”?
February 19th, 2010 at 11:32 am
Hope Mr. Nusbaum gets some fries with his burger. At least then he’ll have some diversification. Nice job, Mark, but what’s up with that lapel?
February 19th, 2010 at 2:35 pm
The beauty of stocks is that companies will just make sure they get paid more for their services and products if indeed the currency devalues. Shoot, they may even start charging in gold if that becomes the currency of choice.
February 19th, 2010 at 10:12 pm
Gold is up over the last 10 years…definitely want to buy it now while it is still high. Those big macs are getting to Mr. Nusbaum’s thinking. BIG MAC ATTACK
February 25th, 2010 at 2:00 pm
If it bleeds, it leads! Same old story for the Big Media…the public is worried about government deficits affecting the value of the dollar, so the idea of commodities as a currency hedge makes sense to them. Those who are short term traders recognize this and trumpet the “Gold is Great!” story through the media to build demand and drive prices upward. As the fear begins to subside over time, these traders will quietly exit their positions and leave the majority of investors holding a bag of “fools gold”.