Wednesday, January 2, 2008

Stocks look better than gold for 2008

By Mark Hulbert for MarketWatch:

It's time again for my New Year's assessment of what contrarian analysis has to say about the relative prospects for stocks and gold over the coming year.

I devoted columns to the same subject at the beginning of the past two years, but this is first in which I conclude the contrarian-based prospects for stocks are brighter than those for gold.

Before I discuss why I reach that conclusion, let me review what contrarian analysis had to say one year ago. argued that "contrarians are betting that gold will outperform stocks in 2007." See Dec.22, 2006 column...MORE