With the end of January, brings us to the end of the blog survey in regards to asset allocations in 2012. Thank you for all who voted, we really appreciate it. As we can see from the chart below, over one quarter of all who voted favour precious metals in 2012. A close second was Agriculture, with almost one fifth of all votes. Commodities, an asset class that still remains in a secular bull market, received a total of 54% of all votes (more than half).
Other asset classes that were preferred by readers of the Short Side Of Long blog were the US Dollar with 14% of votes and US Equities with 10% of votes. It should be noted that Global Equities received 22% of all votes, while Global Bonds received only 6%.
Altogether, risk assets (Equities, Commodities, Currencies) received 80% of all votes, while safe havens (Bonds, Dollar, Yen) received 21% - with a margin of error being about 1%. While it seems that majority of the readers on this blog being bullish for 2012 is a bit worrying, I would say that it was a contrarian outlook when compared to what Wall Street consensus expected. That would also mean that majority of the readers and followers of this blog would have had a very nice January, when it comes to the performance.
So with the S&P 500 closing just shy of 1350 last night (US trade), over the coming few days or a week, we will be running a poll wondering if S&P 500 will print 1,300 or 1,400 first. Let us know what you think...