"That being said, people can make money buying gold today, but remember..."buy low & sell high," probably in the same day, likely in the same week, and certainly in the same month."
 

  The above statement not only applies to gold, but as well as the S&P 500, some people don't have very long memories as the following from the economist David Rosenberg makes clear. 

Dave Rosenberg was talking about GDP in today's Breakfast with Dave

DOWNGRADE TO GROWTH FORECASTS? THAT DOES SEEM TO BE THE CASE

Dallas Federal Reserve Bank President Fisher suggested yesterday that the Q3 real GDP print will be taken down from 3.5% at an annual rate to 2.5% — despite massive government stimulus. (Is that all you get for your money?)

Meanwhile, the S&P 500 is currently trading as if the economy is going to expand at nearly a 5.0% rate in the coming year. If the consensus is right, then fair-value in the S&P 500 is closer to 900 than it is to 1,100. This by no means suggests that the speculative run is over; it only means that the folks allocating their capital to the stock market today do not adhere to the adage of ‘buying low and selling high’ and are very likely the same folks who were buying at the top back in 2007 when “excess liquidity” themes were all the rage.