Down goes the Dow

Sitting on some nice gains on EMD and FAX. I don’t plan on doing anything with them other than reinvesting income for the next several years.

Congratulations. Over the last month, they've returned about half of what the Nasdaq or SNP 500 have.

* Correction, the FAX has returned about half over the last month.

The EMD does in fact have comparable returns to our major indices over the last month.

But to my point, whatever timeframe you judge it by, whether 3 month, ytd, 1 year, etc., those two investments are orders of magnitude lower in their returns than Nasdaq and SNP 500.

Yikes!!!!

Hahaha EMD and FAX have a 20 year return of -35% and -25% respectively. SP500 is up 300% in that same time frame even at this lower levels. Even with an 11% dividend yield you are doing much worse than if you just held VOO. Please stop showing us all how stupid you really are.

Searched your name quick and on page 350s there's a bunch of predictions of you saying we're going much lower and over the next 2 years SP500 gained 46%...

You're pathetic. You talk down to everyone yet are constantly wrong. A bitter old loser who lives in a cheap part of TX, was very slow, and never accomplished anything in coaching. Guessing you're broke too based on your financial decisions. 26,000 posts and counting.

I love perma-bears like you, cheering for the economy and markets to tank because you're so bitter and poor you want everyone else to suffer like you did. Here I'll help you out, amateur, start DCA'ing into VOO and QQQ now over the next 6-12 months and make yourself a ton of money like I am right now.

@ Ghost of Igloo

dude be sure you have correct information. I'm pretty sure you are spreading misinformation, which on an investment thread, no one should want.

Per Morningstar, EMD's record since 2003 is +5.1% per year. Not bad at all for a bond fund.

I suspect you are unaware that the fund pays a huge dividend - you are probably going on just NAV and not counting dividends. Which is foolish to do.

And anyway, Igy has a profit on EMD, I believe. It's all in when you buy things and when you sell them. Igy's had a very hot hand all year. He even predicted this move up to 4200 on the SP500.

When will market pull back? It's been green everyday.

Up over 1% so far today... I'm beginning to think we have bottomed and likely won't see sub 4000 again. Would be fine with me if we did though.

Damn I've been waiting to buy in cause Iggy kept saying the market will crash. Guess I have to buy high now :(

Good points raised by Agip, thx muchly.

As for buying back into the market, I keep thinking of the sell-off in 2020 and the rebound therein. Point being, it feels like you may have missed out but these things seem to have legs. esp. after big downturns like we've been discussing.

As for me, I have been buying back in incrementally. And even said about a week ago that i whished it would drop so we'd have an opportunity to load up the wagon at a more opportune price.

In this regard, the slowing pace of inflation numbers recently have been optimistic. Also, that the employment numbers which are so strong allay fears of a recession.

I would only say that any who would buy in at this time consider their investment horizon, and another strong dose of volatility certainly wouldn't be unexpected.

It can't pull back now. I have already called for a 15,000 Nasdaq by end of year and it still has a way to go.

But it has recently gone from 12,000 to 13,000. Just 2,000 more over the next 4 and a half months.

Steady gentlemen. Hussman still hasn't given the all clear.

Perhaps our dear John Hussman should bone up on what's making headlines in more reputable news sources these days (like today)...

nytimes.com

Stocks Record Best Stretch of Year, as Inflation Fears Recede

Positive economic signs have sent the S&P 500 higher for four consecutive weeks, but some investors worry about how long the rally can last.

Open link

Hussman says it's a trap. Tread carefully.

No worries. Just diversify in the safe stuff. You know, like bitcoin and NFTs.