One of the longest-lived positions that subscribers to my weekly newsletter hold is Retail (XRT), which we bought in March 2009. It’s now up nearly 80% and still looks fine.
Makes perfect sense that the retail sector would be so strong given the worst recession in many generations, horrible consumer confidence numbers, nationwide high double-digit unemployment, etc. I’m joking, it makes no sense, but I don’t follow the news, I follow the market.
If you’d like to subscribe to my weekly newsletter, just drop me an email for details. If you’d like to see a copy of that newsletter from last March, I’d be happy to send it to anyone who needs time-stamped proof of my undiscovered genius.