Ghost of Igloi wrote:
seattle prattle wrote:
That's very impressive Igy, but the problem is since posting that in 2000, his fund has lost 34% of its value.
Clearly, one would have ample reason to not give much credence to anything he has said since.
For comparison, The SNP 500 has 165% and the Nasdaq has risen 271%.
I am pretty sure your numbers are incorrect, but even if so, beside the point. The point is valuation. Now one can say that metric is meaningless, and no longer relevant. OK. Clearly there are very odd events taking place in financial markets, on a nearly daily basis. Gains are made in the middle of the night. Bitcoin, GME, SPACs, Small Caps, Tech comapnies with no earning, real estate; the list is endless, really.
Good one, Igy. That's a pretty broad brush stroke there: well, gamestop, bitcoin, hell, let's throw in Apple Computer, Microsoft, Google, and the whole small cap sector....
Tech companies with no earnings?
we know why the indices have risen and it is on the back of some earnings jugernauts.
And my numbers are probably way off, did that yahoo finance charting again. But be that as it may, then we default to Sally's numbers (the right ones) which paint an even more convincing case.
Right now I am liking small caps, been adding to position over the last couple of months.