Ghost of Igloi wrote:
purple martin wrote:
We won't hold it against you since you've been gracious enough to not hold it against us for pointing out your 60% drop prediction has not happened for 4 years an counting.
No I did not say that, but that’s OK. We can make up for lost time.
Sorry, I must have misinterpreted your comment.
Ghost of Igloi wrote:
I don’t think you can answer the question.
I can, but you won’t like the answer.
Say wha? wrote:
Ghost of Igloi wrote:
I don’t think you can answer the question.
I can, but you won’t like the answer.
Slimmy piece of crap.
Ghost of Igloi wrote:
Say wha? wrote:
I can, but you won’t like the answer.
Slimmy piece of crap.
I pride myself on my figure.
The rot is in your soul.
I’m still a better person than you are.
Nope, not within a mile scum bag.
That’s not what your wife said.
[quote]Racket wrote:
Wait, am I reading this right? The average annual return is negative for almost all his funds?
I think the point is, as far as I can fathom it, is that the markets have been wrong and since they have been wrong for so long, his fund has unfairly suffered. But that's gonna change, by golly. Sure, his signature growth fund has managed to lose over 35% of it's value since its origin some 18 years ago, but that just goes to show you how misguided these markets have become.
And besides, how many funds can you name that have only one star rating by Morning Star?
Well, now you can name five, and there all his!
Say wha? wrote:
That’s not what your wife said.
Oh, snap!
The blind squirrels big day, by golly! wrote:
[quote]Racket wrote:
Wait, am I reading this right? The average annual return is negative for almost all his funds?
I think the point is, as far as I can fathom it, is that the markets have been wrong and since they have been wrong for so long, his fund has unfairly suffered. But that's gonna change, by golly. Sure, his signature growth fund has managed to lose over 35% of it's value since its origin some 18 years ago, but that just goes to show you how misguided these markets have become.
And besides, how many funds can you name that have only one star rating by Morning Star?
Well, now you can name five, and there all his!
“Last week, the stock market enjoyed a typical clearing rally from an oversold low – ‘fast, furious, and prone to failure.’ This presents a good opportunity for investors to reduce positions that they would not be able to tolerate through a complete market cycle, with the S&P 500 only about 5% below a record high.
“Let me preface this analysis by stressing again that my intention is not to drive investors out of well-considered investment plans. There is nothing wrong with a buy-and-hold approach provided investors are aware of how strong the impulse is to abandon that strategy only after deep declines. I appeared briefly on CNBC last week to discuss recession risk, but beforehand, I was asked to put a positive tone on my comments, to which I responded – ‘Look, my interest is in making sure that investors have positions that they are able to hold through the complete cycle… If they’re carrying more risk than they could endure through the course of a bear market, they should cut back now. I’m not going to wave my arms around about doom and gloom, but I think it’s a crucial time for investors to think about the risk they’re taking, and if you don’t want me to say that, please don’t have me on.’ Well, I went on, and though we ran short of time, that’s still my message.”
John Hussman, 12/4/2007
You lose. Not in 2018.
“The financial markets have already experienced years of aggressive yield-seeking speculation, record valuation extremes, and eager issuance of new “product” – in the form of covenant lite debt and leveraged loans – to satisfy the need of investors to “earn something greater than zero.” Now all we have is an unfortunate situation. With the total capitalization of U.S. corporate equities recently pushing $40 trillion, I continue to expect that $20 trillion or more of what investors count as “wealth” will vanish over the completion of this cycle.”
—John Hussman, December 2018 Market Commentary
Ghost of Igloi wrote:
“The financial markets have already experienced years of aggressive yield-seeking speculation, record valuation extremes, and eager issuance of new “product” – in the form of covenant lite debt and leveraged loans – to satisfy the need of investors to “earn something greater than zero.” Now all we have is an unfortunate situation. With the total capitalization of U.S. corporate equities recently pushing $40 trillion, I continue to expect that $20 trillion or more of what investors count as “wealth” will vanish over the completion of this cycle.”
—John Hussman, December 2018 Market Commentary
Read some of his stuff. Seems smart and like he knows a lot, but definitely a perma-bear. If his fund is exposed to financial instruments in such a way that would yield YUGE returns in a mega bear market then I guess you'd wanna sign up for this guy if you're also super bearish. Despite my insane gambling on put options lately (which I'm officially done with I swear) I don't want any one side to control my 401k or investment fund. I wouldn't want some super perma-bull in charge either. I want a nice balance where it can all be moved to like bonds or something in the event of a downturn and then be exposed to stocks like Apple when it goes up. Seems like this Hussman guy is breaking the golden rule : don't fight the trend. If the market is going down, follow it down with bonds or inverse ETFs. If it's up, then stocks and all that good stuff.
And here's my main problem with the perma-bear thesis : they always lose because because market makers want to go up up up. And when they go down, they get the government to bail them out so they can recover and go more up.
But if you believe all that he says then I guess his fund is a wait and see type. I'm skeptical though because market makers really don't like it when those types of funds make money because it means they lose money. The guy is going up against trillion dollar big boys idk
Racket wrote:
Ghost of Igloi wrote:
“The financial markets have already experienced years of aggressive yield-seeking speculation, record valuation extremes, and eager issuance of new “product” – in the form of covenant lite debt and leveraged loans – to satisfy the need of investors to “earn something greater than zero.” Now all we have is an unfortunate situation. With the total capitalization of U.S. corporate equities recently pushing $40 trillion, I continue to expect that $20 trillion or more of what investors count as “wealth” will vanish over the completion of this cycle.”
—John Hussman, December 2018 Market Commentary
Read some of his stuff. Seems smart and like he knows a lot, but definitely a perma-bear. If his fund is exposed to financial instruments in such a way that would yield YUGE returns in a mega bear market then I guess you'd wanna sign up for this guy if you're also super bearish. Despite my insane gambling on put options lately (which I'm officially done with I swear) I don't want any one side to control my 401k or investment fund. I wouldn't want some super perma-bull in charge either. I want a nice balance where it can all be moved to like bonds or something in the event of a downturn and then be exposed to stocks like Apple when it goes up. Seems like this Hussman guy is breaking the golden rule : don't fight the trend. If the market is going down, follow it down with bonds or inverse ETFs. If it's up, then stocks and all that good stuff.
And here's my main problem with the perma-bear thesis : they always lose because because market makers want to go up up up. And when they go down, they get the government to bail them out so they can recover and go more up.
But if you believe all that he says then I guess his fund is a wait and see type. I'm skeptical though because market makers really don't like it when those types of funds make money because it means they lose money. The guy is going up against trillion dollar big boys idk
No he is not a perma-Bear, he believes in valuation. Warren Buffett once believed in that as well as a disciple of Benjamin Graham. Investors lose their discipline when central banks distorted markets. Typically value investors underperform in distorted markets, these things go thru cycles. Now you can debate whether this is a correct view as to the future, but certainly not the past.
Hussman admits to being a perma-bear.
Try to keep up wrote:
Hussman admits to being a perma-bear.
That is not true and YOU CANNOT PROVE THAT CLAIM.
Try to keep up wrote:
Hussman admits to being a perma-bear.
It is really disturbing how you confidently make statements that are just unture.
Is your argument really that weak?
Yes.
Ghost of Igloi wrote:
Try to keep up wrote:
Hussman admits to being a perma-bear.
It is really disturbing how you confidently make statements that are just unture.
Is your argument really that weak?
Yes.
Oh, the irony!