Stay invested wrote:
Ghost of Igloi wrote:
http://www.zerohedge.com/news/2017-12-10/eric-peters-todays-opportunities-include-negative-convexity-complexity-illiquidity-lTargeting average annualized returns allows you to accept what the market gives you, while targeting annual returns forces you to leverage investments near peak valuations to hit your bogey.
Bingo!
Yet another example of Igy not thinking before he posts.
Igy certainly deserves some blame for this, but it’s not all on him. Igy's problem is that he simply parrots what his prophets (Hussman, Zerohedge, etc) are saying.
In this case, the Zerohedge post (from a guy who was banned from WS for insider trading) wasn’t vetted very well. They don’t usually tout buy-and-hold, or support the "this time is different" mentality. But then maybe they’ve finally seen the light.
Today's prediction review is a doozy- A guy who manages $100 billion.
July 29, 2016. He says sell everything! Except gold! Buy gold!
Result:
SP500 up 22%
Gold down 8%.
Nailed it.
“The artist Christopher Wool has a word painting, ‘Sell the house, sell the car, sell the kids.’ That’s exactly how I feel – sell everything. Nothing here looks good,” Gundlach said in a telephone interview. “The stock markets should be down massively but investors seem to have been hypnotized that nothing can go wrong.”
It ain't over til its over.
[quote]Gruntz wrote:
Igy certainly deserves some blame for this, but it’s not all on him. Igy's problem is that he simply parrots what his prophets (Hussman, Zerohedge, etc) are saying.
What would the "oh the irony" guy have to say about that comment?
We are now officially in the "sell all your furniture to buy stocks" mode.
Igy wrote:
We are now officially in the "sell all your furniture to buy stocks" mode.
Maybe you are, but the rest of us are more rational than that.
Gruntz wrote:
Igy certainly deserves some blame for this, but it’s not all on him. Igy's problem is that he simply parrots what his prophets (Hussman, Zerohedge, etc) are saying.
In this case, the Zerohedge post (from a guy who was banned from WS for insider trading) wasn’t vetted very well. They don’t usually tout buy-and-hold, or support the "this time is different" mentality. But then maybe they’ve finally seen the light.
You can be blamed for having an unhealthy Igy infatuation.
Ghost of Igloi wrote:
You can be blamed for having an unhealthy Igy infatuation.
Oh, the irony!
Irony Mann wrote:
Ghost of Igloi wrote:
You can be blamed for having an unhealthy Igy infatuation.
Oh, the irony!
There he is with yet another creative and unique post.
There he is wrote:
There he is with yet another creative and unique post.
Oh, the irony!
Irony Mann wrote:
There he is wrote:
There he is with yet another creative and unique post.
Oh, the irony!
From Mr. Loonie Heart from 7th grade social studies class.
Ghost of Igloi wrote:
From Mr. Loonie Heart from 7th grade social studies class.
Oh, the irony!
My new post to you: “Oh, the Loonie heart!”
Ghost of Igloi wrote:
The most important piece relevant to this thread:
https://www.crescat.net/wp-content/uploads/Crescat-Capital-Q3-2017-Quarterly-Letter.pdf
Very insightful information!
What can we read in to this?
Sometime before the end of the century, a major correction will happen.
The "How in the eff is he suppose to know when it's going to happen" True Mellon.
Oh, Snap!
Oh Loonie Heart!
Gruntz wrote:
Igy certainly deserves some blame for this, but it’s not all on him. Igy's problem is that he simply parrots what his prophets (Hussman, Zerohedge, etc) are saying.
In this case, the Zerohedge post (from a guy who was banned from WS for insider trading) wasn’t vetted very well. They don’t usually tout buy-and-hold, or support the "this time is different" mentality. But then maybe they’ve finally seen the light.
Just more proof that Igy doesn’t have a clue. He doesn’t even understand the positions of his "mentors".
Oh but your mentor is Jeremy Siegel and your god Bob Pisani.
Ghost of Igloi wrote:
Oh but your mentor is Jeremy Siegel and your god Bob Pisani.
I do find Siegel's articles interesting, though I don’t always agree with him. I’m not familiar with Pisani.