Down goes the Dow

Robo. wrote:

Financial Advisor wrote:

Bingo. Anyone who thinks this is “news” has not been paying attention. Apple just confirmed what we already knew.

Very little to admire about Trump, however not being afraid to take on the Chianese is positive. They want their cake and eat it too.

We were taking on the Chinese. it was called the TPP. He killed it. Now we don't have a united front of nations to confront China with.

he is truly a moron of stupendous stature.

agip wrote:

We were taking on the Chinese. it was called the TPP. He killed it. Now we don't have a united front of nations to confront China with.

he is truly a moron of stupendous stature.

TPP was going to put us in a position to actually enforce IP laws and protect our businesses by setting up strong alliances with China's main trading partners and expanding our sphere of influence in the area.

But it was Obama's idea so, can't be having any of that

HSGFX 2018 Performance +8.78%

TNA 2018 Performance -39.89%

Enough said.

Ghost of Igloi wrote:

HSGFX 2018 Performance +8.78%

TNA 2018 Performance -39.89%

Enough said.

I don't know why that would surprise anyone when small caps have been in a bear market since like October

Racket wrote:

Ghost of Igloi wrote:

HSGFX 2018 Performance +8.78%

TNA 2018 Performance -39.89%

Enough said.

I don't know why that would surprise anyone when small caps have been in a bear market since like October

On 10/9/2018 I came under much criticism by saying HSGFX would outperform TNA and most equity funds over a multi-year period. Apparently that is the direction we are headed. Of course the Financial Advisor guy quoted past performance of both funds. As I noted at the time, it is not where we have been but where we are going, which is quite a bit lower.

Ghost of Igloi wrote:

Racket wrote:

I don't know why that would surprise anyone when small caps have been in a bear market since like October

On 10/9/2018 I came under much criticism by saying HSGFX would outperform TNA and most equity funds over a multi-year period. Apparently that is the direction we are headed. Of course the Financial Advisor guy quoted past performance of both funds. As I noted at the time, it is not where we have been but where we are going, which is quite a bit lower.

I’d say that criticism would be justified given the track record of the HSGFX fund manager. You may yet be right, but it’s a long shot as long the current manager is pulling the strings.

Today they tried, but something wasn’t identified correctly. There are instances now where decisions are being made by humans at large funds, for big orders, that are difficult to predict even in view of options action.

This is a significant development, which if it continues will mean that the Fed will need to adjust its tool, or change how it is deployed.

Strange environment, IMO unstable. I predict an intraday rally tomorrow, but will not trade it. Glad I didn’t move on that BRK-A last year—glad that my reasoning for passing on it seems to have panned out, all except for pipeline development.

Is anyone here buying right now, and if so, what?

Maserati wrote:

Is anyone here buying right now, and if so, what?

I'm sort of buying Apple. Started selling puts on it for strikes around 120-125. Don't care if I get assigned because I'll take it and collect premiums in the mean time. They have so much cash that they can just buy Netflix outright if they wanted.

Might also buy oil. Russia and Saudi Arabia won't let it stay low for much longer

That’s a pretty low strike for AAPL, I hope it works out.

Oil...it is all tied into Iran, and the Saudis hate them. Prices may only rise if sanctions are more strongly enforced. Very complicated IMO. One usually-high-quality reco i get sees oil going to $25. Not sure I agree, but does point to big uncertainty

Racket wrote:

Maserati wrote:

Is anyone here buying right now, and if so, what?

I'm sort of buying Apple. Started selling puts on it for strikes around 120-125. Don't care if I get assigned because I'll take it and collect premiums in the mean time. They have so much cash that they can just buy Netflix outright if they wanted.

Might also buy oil. Russia and Saudi Arabia won't let it stay low for much longer

I’m sitting on the sidelines waiting for the storm to pass. All (nearly) out since a couple of weeks ago. Mind you I’m not a trader, per se, so I suppose you weren’t asking me. That said, best case scenario for me personally is markets continue a long downward plunge.

Mouth Breather wrote:

Ghost of Igloi wrote:

On 10/9/2018 I came under much criticism by saying HSGFX would outperform TNA and most equity funds over a multi-year period. Apparently that is the direction we are headed. Of course the Financial Advisor guy quoted past performance of both funds. As I noted at the time, it is not where we have been but where we are going, which is quite a bit lower.

I’d say that criticism would be justified given the track record of the HSGFX fund manager. You may yet be right, but it’s a long shot as long the current manager is pulling the strings.

The current manager is why it will outperform almost all equity funds over the next couple of years. We are in a Bear Market, Bull trading strategies are pushing on a string.

For the last 5 years the dudes been charging 1.29% for the privilege of losing your ass. I wouldn't start betting on him now.

He whopped on your portfolio in 2018 and it has continued in 2019.

Ghost of Igloi wrote:

He whopped on your portfolio in 2018 and it has continued in 2019.

Stop projecting.

OK, tell the truth, what was your portfolio performance in 2018?

Ghost of Igloi wrote:

OK, tell the truth, what was your portfolio performance in 2018?

-2.6%, which I'm ok with given the gains I made over the last 5 years. Hussman beating me for 1 year doesn't make up for the losses his clients suffered in the previous 5.

As I told the Financial Advisor guy it is all about where we are going. I suspect if you hold your current portfolio allocation as is Hussman will pass your five year performance over the next 12 months.

Ghost of Igloi wrote:

OK, tell the truth, what was your portfolio performance in 2018?

Now you tell the truth and tell us yours. Remember that you have told us earlier of your investment strategy.

Up +10.88%.