Well here we are at the end of another year, scary how fast they come and go as I get older. I am off to Tasmania tomorrow so I will not be trading any more this year.
I’d like to thank all of you who read the blog and watched the StockTwits TV show first for simply tuning in and second for the fantastic comments and dialogue. I can’t begin to say how much I appreciated the discourse.
The last couple of months have been difficult due to some health problems so I have not been tweeting at my normal pace. I am now pretty close to fully recovered and expect to go into the new year in full flourish. Some new developments in my professional life will allow me freedom to relax a bit more as I turn the day to day operations of the Trust over to my colleagues and focus on other projects.
A little recap of 2010 as it relates to my predictions and expectations:
I thought we’d see an $85/bbl average price, and a $100/bbl high price for WTI Crude which did not materialize. My guess is we’ll see $100/bbl in 2011 and I am looking for an avg of around $88/bbl.
I thought we’d see a flat to slightly down S&P 500 after the run up in March and April and we got a steep drop and steady rise to around a 10% gain for the year. My guess is 2011 will be similar overall without the amplitude of swings we saw this year.
I thought we’d see a real unpegging of the Chinese Yuan versus the U.S. Dollar and we got a bag of air from the Chinese and our government seems to be satisfied with that. I am long the CYB (Wisdom Tree’s Yuan ETF) although not to the extent I was earlier this year.
When I return in January I’ll have my predictions for the new year.
Have a great holiday season and much good fortune in the new year,
Jim
