agnostic

Roubini Hates Gold: Is He Wrong Again?

Pseudoscience. Of course oil and gold have tight
correlation because they are both priced in USD and thus are both affected by the currency movements. The tight correlation should be used as a gauge of how the two move together rather than an equation of fair value. Given that they move together and you are long oil, it's logically and statistically inconsistent not to long gold. Plus you use annual data to run the regression and thus ignore lots of trading opportunities. For instance, what is your forecast error and confidence interval? I bet it's huge.

Focus Media Should Stem Losses on Actionable Call from Goldman

Just because it was a GS call this stock should go up? FMCN will trade lower with the general market volatility. Also on FCF basis, the stock still looks expensive.