We can see now that it is not severe. That’s not to say it won’t get bad, but so far it has not been severe at all.
Remains to be seen.
YTD, we are in a "correction" (market down over 10%).
But the past does not tell us what the present is.
If at some point this year we are down 25%+, we will point to last week as the start of the bear market.
There is no “remains to be seen” regarding something in the past. At the time the statement that we are in a severe bear market was made, it was factually incorrect. That’s no surprise given its source.
Strong Dollar likely to continue pressure on EMD and FAX, although I believe it presents an opportunity. FAX with Chinese debt is currently under more pressure trading at an 15% discount to NAV and a 11% yield.
I have never seen Hussman, just once, predict anything positive for the market. It has been doom and gloom for a decade now.
Well this made all of that less likely, but who could have predicted any of this? And this does not included all the Government excess of the last decade. Now one is free to believe there is no end to the nonsense, inflation would disagree.
Looks like ONON is currently between 1 and 2. If going to 2, compare to DECK's ( Hoka ) EV/Rev. Off to the dunes near P-Town, watch the sunset and drink some Gigondas.
yeah I'm souring on this deal...its market cap is already $7 bn....Puma's is only $10 billion per yahoo....sort of hard to see ON getting a mkt cap much bigger than it is now. And it seems to have just taken on a lump of debt.
I'm having an aperol spritz in the mountains.
Cheers.
Agip, sounds like you're hanging with Maser! Also, thanks to you, I'm experiencing the Baader-Meinhof Effect ( frequency illusion ). I was unfamiliar with On shoes until I read your post. Last night after our excursion to the dunes was over we stopped to get some ice cream. I look at the table next to us and there's two guys wearing On shoes. I struck up a conversation; they weren't runners but had been in SF recently and everyone was wearing them. They liked the design and purchased a pair.
I have never seen Hussman, just once, predict anything positive for the market. It has been doom and gloom for a decade now.
He’s a miserable SOB just like Igy.
John P. Hussman, Ph.D. @hussmanjp Amid rampant "bull market" calls based on noisy one-off indicators like 50-day participation, recall this is also how the rodeos rope you in a steep initial decline through an open trap door (rich valuations, divergent internals) an exhaustion rally that beckons "all clear"
And a $10,000 investment in the market in 2001 will be worth what in 2030? $235,000?
Far less than what you imagine, but hey we have a $10 bet on it. So, with all your future market gains you can easily afford a donation to Trump 2024. :-)
yeah I'm souring on this deal...its market cap is already $7 bn....Puma's is only $10 billion per yahoo....sort of hard to see ON getting a mkt cap much bigger than it is now. And it seems to have just taken on a lump of debt.
I'm having an aperol spritz in the mountains.
Cheers.
Agip, sounds like you're hanging with Maser! Also, thanks to you, I'm experiencing the Baader-Meinhof Effect ( frequency illusion ). I was unfamiliar with On shoes until I read your post. Last night after our excursion to the dunes was over we stopped to get some ice cream. I look at the table next to us and there's two guys wearing On shoes. I struck up a conversation; they weren't runners but had been in SF recently and everyone was wearing them. They liked the design and purchased a pair.
hah for a second I thought you had been connecting with the real Baader-Meinhoff (violent revolutionary terrorists).
I think the shoes do have a great look that is in tune with what people want to wear post-covid. And that hasn't hit America quite yet.
It's all about what you pay for the stock I suppose.
Agip, sounds like you're hanging with Maser! Also, thanks to you, I'm experiencing the Baader-Meinhof Effect ( frequency illusion ). I was unfamiliar with On shoes until I read your post. Last night after our excursion to the dunes was over we stopped to get some ice cream. I look at the table next to us and there's two guys wearing On shoes. I struck up a conversation; they weren't runners but had been in SF recently and everyone was wearing them. They liked the design and purchased a pair.
hah for a second I thought you had been connecting with the real Baader-Meinhoff (violent revolutionary terrorists).
I think the shoes do have a great look that is in tune with what people want to wear post-covid. And that hasn't hit America quite yet.
It's all about what you pay for the stock I suppose.
I've seen them around for a while now, and they stood out in a good way. I like that their understated appearance, They look sharp.
YTD, we are in a "correction" (market down over 10%).
But the past does not tell us what the present is.
If at some point this year we are down 25%+, we will point to last week as the start of the bear market.
There is no “remains to be seen” regarding something in the past. At the time the statement that we are in a severe bear market was made, it was factually incorrect. That’s no surprise given its source.
There is no “remains to be seen” regarding something in the past. At the time the statement that we are in a severe bear market was made, it was factually incorrect. That’s no surprise given its source.
👺
You do not know if we are in a bear market or not at this time.
Only time will tell.
Big day for me today. Big bet vs. NASDQ is up 3.99%.
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