Down goes the Dow

Ghost of Igloi wrote:

seattle prattle wrote:

since you like to keep track of these things, GOI, i own every one of those companies in my portfolio except INTC. Not only that, but they are my largest holdings.

Oh yeah, and in addition to the triple leveraged Russel 2000 ETF, which is my second largest holding. Didn't somebody just say something about the Russel 2000?

Thanks for your ongoing insights, compadre.

Congratulations on buying what everyone else has and leveraging that to boot.

We will see if if that was smart move.

I bought a one year CD today at 2.25% as part of my CD ladder.

You have it exactly opposite (see bolded portion above). I have what everyone else is buying. See? I've owned that stuff for a long time and now the price is being driven up through demand.

And we have already seen that it is a smart move. Double baggers, triple baggers, etc....

Brother, you got a way to spin everything! LOL.

Interesting read about that short squeeze in the last quarter you just posted, btw.

Ghost of Igloi wrote:

Pretty silly accusation since I am the most prolific registered poster.

Cumulatively, you are by far the most prolific poster.

seattle prattle wrote:

Ghost of Igloi wrote:

Congratulations on buying what everyone else has and leveraging that to boot.

We will see if if that was smart move.

I bought a one year CD today at 2.25% as part of my CD ladder.

You have it exactly opposite (see bolded portion above). I have what everyone else is buying. See? I've owned that stuff for a long time and now the price is being driven up through demand.

And we have already seen that it is a smart move. Double baggers, triple baggers, etc....

Brother, you got a way to spin everything! LOL.

Interesting read about that short squeeze in the last quarter you just posted, btw.

Seattle,

Hopefully you will know when to pull the plug, or you won’t be so smug. ?

Igy

Oh, the irony!

Igy, agreed.

Seattle,

As you know, I think this is the correct view:

https://mobile.twitter.com/hussmanjp/status/997876456947617794?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Igy

Ghost of Igloi wrote:

Seattle,

As you know, I think this is the correct view:

https://mobile.twitter.com/hussmanjp/status/997876456947617794?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Igy

What’s the reason behind adjusting the CAPE denominator? That completely changes the meaning of the metric.

igy, what do you think is the correct view? You can just tell us. That's on your reading list, not mine.

seattle prattle wrote:

igy, what do you think is the correct view? You can just tell us. That's on your reading list, not mine.

Seattle,

Central banks purposely inflated assets through low interest rates encouraging speculation driving stock, bond, art and real estate to record excessive valuations. Anyone thinking that a benign ending is in store will be sadly disappointed. Stock investors cannot avoid massive losses since each share must be owned by someone at each moment in time. Timing does not matter because valuations will mean revert will beyond gains this past decade.

Igy

Log this wrote:

Ghost of Igloi wrote:

Seattle,

As you know, I think this is the correct view:

https://mobile.twitter.com/hussmanjp/status/997876456947617794?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Igy

What’s the reason behind adjusting the CAPE denominator? That completely changes the meaning of the metric.

I’m more concerned with him trying to correlate a log value with actual returns. That makes absolutely no sense mathematically. I’m not sure if he’s being purposely deceptive, or if he’s an idiot.

Machado wrote:

Log this wrote:

What’s the reason behind adjusting the CAPE denominator? That completely changes the meaning of the metric.

I’m more concerned with him trying to correlate a log value with actual returns. That makes absolutely no sense mathematically. I’m not sure if he’s being purposely deceptive, or if he’s an idiot.

I'm not sure if you saw the post of Igy's earlier this month of a graph that Hussman completely misinterpreted. It was embarrassing.

That leads me to believe that either Hussman is indeed an idiot, or he believes his readers are. His investment "success" definitely suggests the former. Of course, the latter would then logically follow.

Machado wrote:

Log this wrote:

What’s the reason behind adjusting the CAPE denominator? That completely changes the meaning of the metric.

I’m more concerned with him trying to correlate a log value with actual returns. That makes absolutely no sense mathematically. I’m not sure if he’s being purposely deceptive, or if he’s an idiot.

Be macho Machado and have some guts. Go challenge Hussman’s methodology on his Twitter page. You can’t and you won’t.

Igy

Ghost of Igloi wrote:

Machado wrote:

I’m more concerned with him trying to correlate a log value with actual returns. That makes absolutely no sense mathematically. I’m not sure if he’s being purposely deceptive, or if he’s an idiot.

Be macho Machado and have some guts. Go challenge Hussman’s methodology on his Twitter page. You can’t and you won’t.

Igy

Plenty of people have challenged him. He tends not to respond. I'm not surprised.

Since you believe his view is correct, why don't you address the concerns mentioned above? I'm guessing you'll avoid the question again.

From: Macho Machado

To: Ignorant Igy

https://youtu.be/6Hlw_9ldThs

I gotta tell ya.

I will laugh my balls off when the market crashes and all you obnoxious dummies get wiped out.

Gotta tell ya wrote:

I gotta tell ya.

I will laugh my balls off when the market crashes and all you obnoxious dummies get wiped out.

that's nice.

In case you missed it, futures are presently pointing to a 68 point rise on the Nasdaq open. That's one percent. And the Dow is comparable percentage wise.

Have a good one.

Gotta tell ya wrote:

I gotta tell ya.

I will laugh my balls off when the market crashes and all you obnoxious dummies get wiped out.

It’s sad that you would find joy in ankother's misery.

Machado wrote:

From: Macho Machado

To: Ignorant Igy

https://youtu.be/6Hlw_9ldThs

Oh, Snap!