---
title: "Equity Schadenfreude"
url: https://independentstockanalysis.com/equity-schadenfreude/
description: "In honor of the Fed’s last meeting of it’s 99th year: The Lender of Last Resort: Lessons from the Fed’s First 100 Years at Ritholtz . I’m sure 2013 will…"
published: 2012-12-12
updated: 2012-12-12
---

# Equity Schadenfreude

Published 2012-12-12

Posted on

by

J.J. Butler

In honor of the Fed’s last meeting of it’s 99th year: The Lender of Last Resort: Lessons from the Fed’s First 100 Years at [Ritholtz](http://www.ritholtz.com/blog/2012/11/the-lender-of-last-resort-lessons-from-the-feds-first-100-years/). I’m sure 2013 will see many a goldbug story detailing the century of currency destruction. A rippin’ gold market would provide plenty of schadenfreude.

Secular Bear Markets – Volatility Without Return by [John Hussman](http://www.hussman.net/wmc/wmc121210.htm).

The Arithmetic of Equities at [Whitebox Advisor](http://www.whiteboxselectedresearch.com/wp-content/uploads/2012/09/WBA-Arithmetic-of-Equities-Final.pdf).

As for natural gas, well, the temperature forecast remain too toasty:

From a *friend*:

The monetary base stagnating sideways since mid-2011 is reminiscent of gold. I expect the base and gold to follow through when the Fed stops twisting and expands purchases…

Random interesting charts:

**That’s it for today. I’m sure many of us are busy with life as Christmas approaches.**