Ghost of Igloi wrote:
https://www.morningstar.com/funds/xnas/hsgfx/quoteDoing quite a bit better than your clients in 2020.
Yes! Now down just a smidge over 40% since inception.
You doubters are eating it large!
Ghost of Igloi wrote:
https://www.morningstar.com/funds/xnas/hsgfx/quoteDoing quite a bit better than your clients in 2020.
Yes! Now down just a smidge over 40% since inception.
You doubters are eating it large!
Kicking your butt last 12 months.
Eat your desserts ?!
Racket wrote:
Ghost of Igloi wrote:
Of course that is not true. Buying NASDAQ will burn investors. Just like those that thought Small Caps were a free ride.
Based on what thesis? Quite frankly, I don't think you're going to get the financial crisis you're hoping for. There are a lot of businesses hiring right now and there are quite few that are extremely well capitalized despite your beliefs that seem to stem only from headline news from one of the most questionable sources in investing media (which is already 99% horsesh!t) and insistence that a big non-GAAP conspiracy has brewed for a decade.
It's funny you pick on the NASDAQ though. Let's take a look at the biggest hitters shall we?
Apple : more cash on hand than God, paying employees through all this.
Facebook : just gave everyone $1000 bonuses and everyone can work from home.
Microsoft : more cash on hand than God and everyone can work from home.
Amazon : hiring 100k workers and will probably hit record revenues on Marketplace and AWS right now.
Google: more cash on hand than God and everyone can work from home.
Just because you don't like how much debt Netflix has gone into doesn't mean the whole economy is fvcked. I just saw in WSJ that Wal-mart is hiring 150k jobs and doling out $550 million in bonuses to hourly workers. Yeah, airlines are screwed and we'll have to bail them out and the auto-market is probably going to get shook, but the Fed just went way out of it's way to help redeem assets held by huge institutions so they can be liquid enough to provide credit to large businesses that can in turn pay employees down the line for a month or two. In fact, all the big banks just suspended stock buybacks through Q2 so that they could provide liquidity to said businesses. On top of all that, the Fed is buying back massive amounts of bonds and the US Treasury is about to inject over a trillion dollars into the economy.
Your cynicism has been amusing, and I'm sure you'll take victory laps over "predicting" a literally unprecedented global shock event, but at the end of this you're going to be just as grumpy as you and all your ZeroHedge friends were in 2009 because even though stocks fell hard, they didn't fall hard enough to whatever esoteric and arbitrary "vaLuE" you wanted them to.
Hope your running and all that is going well. USA ftw, just give it a couple of months
It's not easy being right all the time
Tagging what everyone else does will not work in the end. How are those stocks doing today as the S&P 500 touches highs? Institutions are using you and the other retail investors for liquidity and you’ll be holding the bag.
Racket wrote:
Racket wrote:
Based on what thesis? Quite frankly, I don't think you're going to get the financial crisis you're hoping for. There are a lot of businesses hiring right now and there are quite few that are extremely well capitalized despite your beliefs that seem to stem only from headline news from one of the most questionable sources in investing media (which is already 99% horsesh!t) and insistence that a big non-GAAP conspiracy has brewed for a decade.
It's funny you pick on the NASDAQ though. Let's take a look at the biggest hitters shall we?
Apple : more cash on hand than God, paying employees through all this.
Facebook : just gave everyone $1000 bonuses and everyone can work from home.
Microsoft : more cash on hand than God and everyone can work from home.
Amazon : hiring 100k workers and will probably hit record revenues on Marketplace and AWS right now.
Google: more cash on hand than God and everyone can work from home.
Just because you don't like how much debt Netflix has gone into doesn't mean the whole economy is fvcked. I just saw in WSJ that Wal-mart is hiring 150k jobs and doling out $550 million in bonuses to hourly workers. Yeah, airlines are screwed and we'll have to bail them out and the auto-market is probably going to get shook, but the Fed just went way out of it's way to help redeem assets held by huge institutions so they can be liquid enough to provide credit to large businesses that can in turn pay employees down the line for a month or two. In fact, all the big banks just suspended stock buybacks through Q2 so that they could provide liquidity to said businesses. On top of all that, the Fed is buying back massive amounts of bonds and the US Treasury is about to inject over a trillion dollars into the economy.
Your cynicism has been amusing, and I'm sure you'll take victory laps over "predicting" a literally unprecedented global shock event, but at the end of this you're going to be just as grumpy as you and all your ZeroHedge friends were in 2009 because even though stocks fell hard, they didn't fall hard enough to whatever esoteric and arbitrary "vaLuE" you wanted them to.
Hope your running and all that is going well. USA ftw, just give it a couple of months
It's not easy being right all the time
You’re a genius:
https://mobile.twitter.com/NorthmanTrader/status/1251094667602657280/photo/1Yippee again for the up-going Dow. Unstoppable! Bears are crying.
Ghost of Igloi wrote:
Kicking your butt last 12 months.
Eat your desserts ?!
Yes! Down only 4% in that time. That may be our best ever 12 month period!
Eat it, you stock buying losers!
the idiot wrote:
seattle prattle wrote:To break 1,500, it would need to lose almost 50% from tomorrow's futures projected open.
Igy and I still have a bet (which he likes to forget or pretend he didn't accept) about which side of 1500 the SP500 will be come December. I'm still feeling pretty confident...
Remember Igy, both our dignities are on the line, which is worth way more than money! :-)
I think I am in good company:
https://youtu.be/2m7dQaj0T-8Thanks for the shout out, Igy. Maybe we can get more or your suckers to start shelling out money for my “insight”. I’m going to need that money to support my lavish lifestyle since the outrageous fees I charge to those who own my funds is dwindling with the losses it has incurred. Caviar?
Trump calls for rioting against lockdowns in Dem states!
This ought to help stocks a lot.
Bad Wigins wrote:
Yippee again for the up-going Dow. Unstoppable! Bears are crying.
But it does seem weird ... 22 million unemployed, 30% of the economy shut down, virus still not beaten, and I’m down for the year only about 2%.
Maybe Igy has just scared me, but it does seem like something has to give.
can I post with a different handle wrote:
Bad Wigins wrote:
Yippee again for the up-going Dow. Unstoppable! Bears are crying.
But it does seem weird ... 22 million unemployed, 30% of the economy shut down, virus still not beaten, and I’m down for the year only about 2%.
Maybe Igy has just scared me, but it does seem like something has to give.
Remember, Igy’s boss told us a few weeks ago that this was a buying opportunity. Igy works fir a smart guy!
No worries, it is all good.
can I post with a different handle wrote:
But it does seem weird ... 22 million unemployed, 30% of the economy shut down, virus still not beaten, and I’m down for the year only about 2%.
Maybe Igy has just scared me, but it does seem like something has to give.
Priced in. The market is forward looking. Pent up demand. The trend is your friend. Cash is trash.
Shut downs are a temporary thing. Eventually the pandemic is over. 1918 ended eventually. And they didn't even have a vaccine back then. They thought it was bacterial.
So yeah, this ends eventually with or without a vaccine. Market sees it. Do you?
can I post with a different handle wrote:
Bad Wigins wrote:
Yippee again for the up-going Dow. Unstoppable! Bears are crying.
But it does seem weird ... 22 million unemployed, 30% of the economy shut down, virus still not beaten, and I’m down for the year only about 2%.
Maybe Igy has just scared me, but it does seem like something has to give.
I am thinking that once the govt reports data on Q1 we will start to see another drop. Same goes with the airlines and their individual stocks. I plan on moving a (small-ish) portion of my S&P500 index fund into cash on Monday.
On another note, anyone buying bank stocks? Many of the big ones are still down 40%... Supposedly they're now prepared for just about whatever financial crisis the world can throw at them after 2008 and the "stress tests" since then, but I suppose we don't totally know for sure... Seems like fairly easy money there though if you're willing to wait a couple years.
Ghost of Igloi wrote:
No worries, it is all good.
Your “good man” certainly thought so....correctly I might add.
