“Do you know how disgustingly rich someone would be today if they put everything they had into the market in 2011?”
Do you realize the Year-Over-Year price appreciation on a 2011 Porsche Cayman averages 42%?
😹
“Do you know how disgustingly rich someone would be today if they put everything they had into the market in 2011?”
Do you realize the Year-Over-Year price appreciation on a 2011 Porsche Cayman averages 42%?
😹
all time highs SP500 and NASDAQ
agip wrote:
all time highs SP500 and NASDAQ
Do I even need to say it?
Getting closer everyday to the Year 2000 prophecy.
https://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998
Ghost of Igloi wrote:
Getting closer everyday to the Year 2000 prophecy.
https://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998
And your point is?
Let's see. Since that book was written, the S&P 500 has gone up 216%., excluding dividend reinvestment, which would surely nudge it even further.
Hussman's Signature Growth fund has lost about 40% of its value in the same period, excluding fees which would surely add insult to injury.
Any other thoughts?
Happy investing.
seattle prattle wrote:
Ghost of Igloi wrote:
Getting closer everyday to the Year 2000 prophecy.
https://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998And your point is?
Let's see. Since that book was written, the S&P 500 has gone up 216%., excluding dividend reinvestment, which would surely nudge it even further.
Hussman's Signature Growth fund has lost about 40% of its value in the same period, excluding fees which would surely add insult to injury.
Any other thoughts?
Happy investing.
Point 1: At the top of the Tech Bubble Glassman and Hassett had wild-eyed views to the future; I consider today a far greater bubble, having infected all areas of the market (crypto, SPACs, and meme stocks far more nuttier than Pets.Com or similar ventures of the period); speculation in residential real estate exceeds Housing Bubble.
Point 2: Funnily enough Kevin Hassett is more renown as the Trump Chairman of Economic Advisors
Point 3: You are incorrect on total return on HSGFX, about .67% (dividend reinvestment)
Point 4: I believe as a negative market bet HSGFX will likely dramatically outperform the market, especially technology, over the next 10 Years; of course if valuations truly never matter again (which hasn’t happened in 4,000 years of financial history) then I will be wrong. Odds are in my favor.
Happy investing.
Ghost of Igloi wrote:
seattle prattle wrote:
And your point is?
Let's see. Since that book was written, the S&P 500 has gone up 216%., excluding dividend reinvestment, which would surely nudge it even further.
Hussman's Signature Growth fund has lost about 40% of its value in the same period, excluding fees which would surely add insult to injury.
Any other thoughts?
Happy investing.
Point 1: At the top of the Tech Bubble Glassman and Hassett had wild-eyed views to the future; I consider today a far greater bubble, having infected all areas of the market (crypto, SPACs, and meme stocks far more nuttier than Pets.Com or similar ventures of the period); speculation in residential real estate exceeds Housing Bubble.
Point 2: Funnily enough Kevin Hassett is more renown as the Trump Chairman of Economic Advisors
Point 3: You are incorrect on total return on HSGFX, about .67% (dividend reinvestment)
Point 4: I believe as a negative market bet HSGFX will likely dramatically outperform the market, especially technology, over the next 10 Years; of course if valuations truly never matter again (which hasn’t happened in 4,000 years of financial history) then I will be wrong. Odds are in my favor.
Happy investing.
From Hussman's Strategic Growth Fund latest Semi-Annual Report through Nov. 1, 2020,
a $10K initial investment in their fund vs. S&P 500:
HSFGX : $12,130
S&P 500: $44, 109
subtract out the initial investment, and you have epic fail, esp, since it didn't outpace inflation.
Not sure what your reference notes, but different from your original post. I have owned HSGFX for the purpose noted, which has been less than 10 months. HSGFX was one of the top mutual funds in 2001 and 2008.
Ghost of Igloi wrote:
Not sure what your reference notes, but different from your original post. I have owned HSGFX for the purpose noted, which has been less than 10 months. HSGFX was one of the top mutual funds in 2001 and 2008.
How's that working for you, Igy?
In the same period, both the Nasdaq and the S&P500 have returned about 37% in that period.
https://pbs.twimg.com/media/E6zqtUPXoAIr-BY?format=jpg&name=smallRacket, PhD wrote:
agip wrote:
all time highs SP500 and NASDAQ
Do I even need to say it?
H/T @Philosophymeme0
Check it out.
Kowa-Bunga gente wrote:
[quote]agip wrote:
here's a great one for the overly cautious and those looking too much at the past and not enough at the future.
wonderful anecdote
the
quote]
Hey agip et al, how y'all doing. I'm winding up my second annual Beat the Texas Heat Tour ( 6 weeks ). Currently staying in the town where we lived previously ( Lower Hudson Valley ). I've got a ?, the restaurants here are charging 3-4% surcharge if you use a card to pay. We've been to restaurants in KS; IL; IN; MI; WI; NJ; MA ( TX of course ) and never encountered this before. Anyone else have this same experience ? Are they doing this in NYC ?
Thinking of going to Dublin, London, Vienna, Berlin, Moscow and Paris for a vacation next year.
https://pbs.twimg.com/media/E96rywTXsAYKjGK?format=jpg&name=smallH/T @NickatFP and @WAR527
One of the better athletes I had the pleasure to coach was from the metropolis of Paris, TX.
Earnings Scorecard: For Q2 2021 (with more than 99% of S&P 500 companies reporting actual results), 87% of S&P 500 companies have reported a positive EPS surprise and 87% of S&P 500 companies have reported a positive revenue surprise. These are the highest percentages of S&P 500 companies reporting positive EPS and positive revenue surprises since FactSet began tracking this metric in 2008.
Bitcoin the only investment working for me today.
https://www.rawstory.com/lin-wood-illuminati-walmart/Racket, PhD wrote:
agip wrote:
all time highs SP500 and NASDAQ
Do I even need to say it?
Maybe Maserati is Lin Wood ?
Seven out of eight indexes on our world watch list posted gains through September 7, 2021. The top performer is India's BSE SENSEX with a gain of 22.05%, France's CAC 40 is in second is with a gain of 21.16%, and our own S&P 500 is in third with a gain of 20.34%. Coming in last is Hong Kong's Hang Seng with a loss of 3.22%.
Weekly reminder about stocks and the one direction they only go
Ghost of Igloi wrote:
Half the years you mentioned valuations were not absurd. Besides, none of that insures a decade of market rise won’t be wiped out in weeks, and stay there for decade. How many $Trillions did it take to move off the March 2020 lows? How many $Trillions will it take next time?
How’s home affordability by the way? Or a dream car for that matter? No difference than the stock market. Nothing special here, other than the price rise is posted on a moment by moment basis.
You seem to have been harping on this for years, always predicting the next "big crash." According to you, when exactly is that going to be? Yes valuations are high, but money will continue to flow into equities - even as interest rates and treasury yields rise.