Down goes the Dow

My bubblicious b&h is now up 9%, wow.

I am almost convinced that a major correction is imminent. 9%, and I got in late, in April, and have done nothing—and that 9% is upon nosebleed start levels, with nothing in particular so great about the companies in the portfolio.

That’s in basically 7 months—that’s what, something like 15.5% annualized—starting from a high level!

See you all on the other side of the holiday.

Sally Vix wrote:

Hutre wrote:

Nice! Only one 20 year period with negative returns and many near or above the 10% overall average. The 30 year chart is even smoother, showing us the benefit of buy and hold. Thanks for the link.

I have shown Igy the market returns for EVERY 10 year period over the last 110 years. He will ALWAYS PICK 2000 as the starting point because the market tanked over the next 3 years. Again, EVERY 10 YEAR PERIOD the market has done remarkably well. Igy just plays us.

I guess the two of you missed the summary. Just in case, let me highlight it for you:

“As these charts illustrate, and as many households have discovered during the 21st century so far, investing in equities carries substantial risk. Households approaching retirement should understand this risk and make rational decisions about diversification.”

Maserati wrote:

My bubblicious b&h is now up 9%, wow.

I am almost convinced that a major correction is imminent. 9%, and I got in late, in April, and have done nothing—and that 9% is upon nosebleed start levels, with nothing in particular so great about the companies in the portfolio.

That’s in basically 7 months—that’s what, something like 15.5% annualized—starting from a high level!

See you all on the other side of the holiday.

Well seeing that the last 20 years have annualized under four percent I would have to agree.

Ghost of Igloi wrote:

Sally Vix wrote:

I have shown Igy the market returns for EVERY 10 year period over the last 110 years. He will ALWAYS PICK 2000 as the starting point because the market tanked over the next 3 years. Again, EVERY 10 YEAR PERIOD the market has done remarkably well. Igy just plays us.

I guess the two of you missed the summary. Just in case, let me highlight it for you:

“As these charts illustrate, and as many households have discovered during the 21st century so far, investing in equities carries substantial risk. Households approaching retirement should understand this risk and make rational decisions about diversification.”

Of course there is risk. But even at your worst doomsday scenarios, those 60-year-olds who suffered the 2008 debacle would soon see there portfolios rise about 450% over the next 11 years. I would say they are quite happy.

^the low was March 2009, which took the S&P 500 to 1995 levels, that is why the 20 year and 30 year returns are well below your 10% mantra; think again if you believe similar returns to 4% is not in your future

Ghost of Igloi wrote:

Financial Advisor wrote:

You have to appreciate the irony of Hussman lecturing the Fed given that his signature fund is down 18.55% YTD and has lost nearly half of its value since inception. The Fed makes him look like a putz.

Won’t make a difference since the Fed has created the greatest bubble ever.

The Fed has helped people make money on their investments. Hussman and you have helped people lose money on their investments.

Third consecutive day of record highs. Life is good.

Happy Thanksgiving, all.

Financial Advisor wrote:

Ghost of Igloi wrote:

Won’t make a difference since the Fed has created the greatest bubble ever.

The Fed has helped people make money on their investments. Hussman and you have helped people lose money on their investments.

Words of wisdom from a weak and inconsequential “financial advisor.”

Happy Thanksgiving, to all. A lot to be thankful for, to say the least.

-SP

seattle prattle wrote:

Happy Thanksgiving, to all. A lot to be thankful for, to say the least.

-SP

Yes, Happy Thanksgiving to all, and Happy Birthday to Seattle's James Marshall Hendrix.

la gente ésta muy loca wrote:

seattle prattle wrote:

Happy Thanksgiving, to all. A lot to be thankful for, to say the least.

-SP

Yes, Happy Thanksgiving to all, and Happy Birthday to Seattle's James Marshall Hendrix.

While I'm at it, now that I live in Texas, I would also like to give thanks to all the Texas drivers and their habit of not using their car directionals; makes me feel like I'm back in my birth state of NJ.

la gente ésta muy loca wrote:

seattle prattle wrote:

Happy Thanksgiving, to all. A lot to be thankful for, to say the least.

-SP

Yes, Happy Thanksgiving to all, and Happy Birthday to Seattle's James Marshall Hendrix.

HB, Jimi.

An economist friend of a good friend who works at the World Bank is predicting a major stock market collapse in 2020.

Ghost of Igloi wrote:

Words of wisdom from a weak and inconsequential “financial advisor.”

Oh, the irony!

Irony Mann wrote:

Ghost of Igloi wrote:

Words of wisdom from a weak and inconsequential “financial advisor.”

Oh, the irony!

In his own words the “financial advisor” said he managed a very low asset base. Must be a rookie or poor at what he does.

Investing in equities is gambling. Nothing more, nothing less. You have no control over what your investments will do. The House is working for itself, not for you.

Ghost of Igloi wrote:

Irony Mann wrote:

Oh, the irony!

In his own words the “financial advisor” said he managed a very low asset base. Must be a rookie or poor at what he does.

$5 million

You should do as well.

$160 million