Last year about this time (mid-June), I wrote some predictions. Let’s see how we did.
I wrote:
Here we are just about halfway through 2017.
It is just past the longest day of the year, when I slaughtered a goat under an oak tree with a silver sickle just as the sun went down. After pulling out its bloody entrails, a friendly neighborhood druid studied them intently. She turned to me, eased the dark cowl from her face, and said, “Buy cloud stocks, hold Ethereum, sell the S&P 500.”
The S&P is up a solid 16% from June 2017 to today. But we did get a big sell-off in January, which would have put me at breakeven on that call.
I also wrote:
I predict Ethereum and Bitcoin will hit new highs by January of 2018.
The cryptocurrencies went on a moon shot. Readers of my Bubble and Bust Report made 2,528% gains on Bitcoin and 1,040.32% gains on Ethereum.
Here is what one reader had to say:
Can you please pass on my thanks to Christian DeHaemerr? For his Etherium heads up.
I make 1 – 2 barrels of Martinborough New Zealand Pinot Noir. That is a total 270 to 550 bottles a year. Never sold to public. Martinborough produces some of the worlds best Pinot Noirs. Christian, give me a postal address. I will send you a bottle of the ’15, as a thank you for your wise advice, freely shared
Thank you again for Etheruim tip at $90.00. you champion!
That’s great. I always like it when readers make money.
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Cloud Stocks
I wrote:
Cloud is driving revenue growth at Microsoft, Amazon, IBM, and Oracle, among others. Full disclosure: I own a ton of Microsoft personally for this very reason. I think IBM is a sleeper here with a lot of upside if it can divest itself of its legacy products. I’m a buyer of IBM below $130.
For the record, IBM didn’t hit my buy price, but the other three did, very well tripling the return of the S&P 500 over the same period.
Next week I’ll be on a well-deserved vacation. In my stead, you’ll enjoy the literary stylings of one Brian Hicks.
However, when I get back I’ll offer up my prodigious prognostications for the rest of the year and beyond. Who knows? Maybe we’ll top the 2,528% Bitcoin gains…
Until then,
Christian DeHaemer
Check us out on YouTube!Christian is the founder of Bull and Bust Report and an editor at Energy and Capital. For more on Christian, see his editor’s page.
