Yes very good:
Even a blind squirrel occasionally finds an acorn. Overall, Hussman's record is miserable.
4 1/2 years later, we're still waiting...
http://www.businessinsider.com/hussman-the-stock-market-will-probably-crash-2013-8
Oh, Snap!
[quote]What has he done lately? wrote:
4 1/2 years later, we're still waiting...
Really?
It's already begun, don't you think?
Stull wrote:
Really?
It's already begun, don't you think?
No, I don’t think so.
It’s a question of degree. 2015-2018, leverage increased, gearing increased, speculative ETF’s/derivatives have increased, yields have been nothing and pension woes continue to increase, and new kids have been hired to take care of it, with “fresh ideas” and no “adverse historical biases”.
A whole new crop of fall guys is in place. I remember 2015, these events are etched in my memory, I wait for them and relish when they arrive.
No i am not perfect—in fact i made a small buy last night that is down about the same as the SP500 today.
And this may very well exceed 2015 in both quantity and quality.
It will be interesting to see where things end up today after the ramp attempt.
This seems to have neen a very orderly drawdown. So far.
Maserati wrote:
This seems to have neen a very orderly drawdown. So far.
Is that what you call a meltdown?
Big Dog Investments wrote:
I propose another DGTD prediction contest: PREDICT THE CORRECTION.
Here are the rules:
1) Give the exact date that the Dow will reach 10% below its high.
2) Your prediction must be made before the Dow has fallen 3% from its high.
Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.
Will it happen before the end of 2016? After the inauguration? Groundhog Day?
Let's hear what you think.
Congratulations to Mellon for winning the contest. With the correction yet to be realized, Mellon is the only one remaining in contention and thus captures the trophy. ATTABOY!
The prediction pool:
Igy: January 9, 2017 - ELIMINATED
Big: January 13, 2017 - ELIMINATED
Econ: Feb 8, 2017 - ELIMINATED
agip: March 4, 2017 - ELIMINATED
Ghost of 29: May 15, 2017 - ELIMINATED
Maser: June 17, 2017 - ELIMINATED
Mellon: December 31, 2018
It remains obvious that most of us were not bullish enough.
Current data (as of 2/8/18, 1:54 PM ET):
Dow high...26, 616.71
Prediction goal...23,955.03
Just hold on a second, i just tried to pick the latest date so that i would be closest, and then after-the-fact Mellon entered.
In actuality, I would have put a much later date...but in honesty, not as late as Dec 2018.
Vichy wrote:
Stull wrote:
Really?
It's already begun, don't you think?
No, I don’t think so.
Dow 26,600 to 24,000 since 1/26 (less than two weeks) -- down over 6% in two weeks.
Maybe some cause for concern.
I bailed early Monday afternoon -- sure glad I did.
Is Iggy a real person or a chatbot programmed to spout effluent about stocks going down?
What will be the bottom of this "correction".
May dip below 24,000 (Dow) by close today.
Where will we be on say Friday, 2/16 (8 days from now)?
We are nearly already beyond a correction. With a high of 26,616.71 and Dow currently at 24,011.69 the dip is already at 9.8%.
Will we soon hit a 20% "correction"? Tumble below 20,000?
No not a meltdown, yet. Still a drawdown. But it is persistent.
I closed my small position and lost about 1k today, it was a small bet with a bigger potential upside.
1000 pts down, good stuff. Still overpriced IMO. I will stay completely out until the dust settles, not even small bets.
This is excellent, I am happy there might be some margin calls.
Keep it coming!! Summit tonight again figuring out what looks good to eventually buy.
Bot: markets in turmoil
Wutz wrote:
What will be the bottom of this "correction".
May dip below 24,000 (Dow) by close today.
Where will we be on say Friday, 2/16 (8 days from now)?
We are nearly already beyond a correction. With a high of 26,616.71 and Dow currently at 24,011.69 the dip is already at 9.8%.
Will we soon hit a 20% "correction"? Tumble below 20,000?
Closed day at 23,860.40. Down over 1,000 points today after being down nearly 1,2000 points on Monday.
You guys still feel good about this?