Igy, you've been posting warning like buyer beware for years, and i offer the following i dragged up from this thread, posted 5 months ago, and referencing your familiar warnings from July 2018:
seattle prattle wrote:
POST FROM 07/24/2018
Microsoft reported earning after market close today, and at this time is up approximately 64% since then.
Thoughts?
On average, the stocks mentioned are up more than 50% from when you said they were grossly over-valued in July 2018.
Igy, you've been posting warning like buyer beware for years, and i offer the following i dragged up from this thread, posted 5 months ago, and referencing your familiar warnings from July 2018:
On average, the stocks mentioned are up more than 50% from when you said they were grossly over-valued in July 2018.
Microsoft is up over 244% since then- 7/14/2018.
Seattle - you said this 5 years ago when MSFT was at $95. Now at $361. Pretty good on your part. Igy should have listened to you.
"Liking Microsoft and even at these levels, added to my position late in the day. Strong management, quite profitable, gaining market share in cloud computing, and P/E not as high as some in the tech sector. Modest dividend, as well."
Seattle - you said this 5 years ago when MSFT was at $95. Now at $361. Pretty good on your part. Igy should have listened to you.
"Liking Microsoft and even at these levels, added to my position late in the day. Strong management, quite profitable, gaining market share in cloud computing, and P/E not as high as some in the tech sector. Modest dividend, as well."
AAPL was at $43 5 years ago. Now approaching $200. I really hope was not telling his clients to avoid the magnificent 7. NVDA was at around $50. Now $475. Igy, please tell us you were not advising your clients to avoid NVDA back then.
Seattle - you said this 5 years ago when MSFT was at $95. Now at $361. Pretty good on your part. Igy should have listened to you.
"Liking Microsoft and even at these levels, added to my position late in the day. Strong management, quite profitable, gaining market share in cloud computing, and P/E not as high as some in the tech sector. Modest dividend, as well."
AAPL was at $43 5 years ago. Now approaching $200. I really hope was not telling his clients to avoid the magnificent 7. NVDA was at around $50. Now $475. Igy, please tell us you were not advising your clients to avoid NVDA back then.
Sally,
Good thing my EM CEFs are keeping me out of the negative today. I may shift some funds from my shorts to HSGFX just to keep you happy.
Perfectly normal market behavior, not extreme. Reminds me of a Morgan Stanley Financial Advisor’s sign on his office in 2000: “I endorse irrational exuberance.”
MSFT and NVDA have added $175BN market cap today, more than the mkt cap of 462 S&P companies, and more than the value of Nike, Wells Fargo, Walt Disney, Morgan Stanley, Intel, etc
I think we will see another tech bubble burst, but as I wrote recently, I think there’s some runway left before the plane runs off into the ocean, I’m guessing 1 to 5 years.
AAPL was at $43 5 years ago. Now approaching $200. I really hope was not telling his clients to avoid the magnificent 7. NVDA was at around $50. Now $475. Igy, please tell us you were not advising your clients to avoid NVDA back then.
Sally,
Good thing my EM CEFs are keeping me out of the negative today. I may shift some funds from my shorts to HSGFX just to keep you happy.
Igy
Nooooooooooooooo Igy. DO NOT buy any more HSGFX. You might as well flush your money down the toilet. Please don't .
I think we will see another tech bubble burst, but as I wrote recently, I think there’s some runway left before the plane runs off into the ocean, I’m guessing 1 to 5 years.
I don’t believe AI is immune from the economic cycle.
Nooooooooooooooo Igy. DO NOT buy any more HSGFX. You might as well flush your money down the toilet. Please don't .
If tech continues to rally I will reduce over time with proceeds to HSGFX. I plan to stay short this market to some degree.
You are losing big time money on your reluctance to go in on the "Big 7" and only earning a tiny bit by shorting Hussman Strategic. Your investment strategy, to me, is not a good one.
If tech continues to rally I will reduce over time with proceeds to HSGFX. I plan to stay short this market to some degree.
You are losing big time money on your reluctance to go in on the "Big 7" and only earning a tiny bit by shorting Hussman Strategic. Your investment strategy, to me, is not a good one.
Like the My Pillow commercial, “you’re looking good.” For now. :-)
You are losing big time money on your reluctance to go in on the "Big 7" and only earning a tiny bit by shorting Hussman Strategic. Your investment strategy, to me, is not a good one.
Like the My Pillow commercial, “you’re looking good.” For now. :-)
You can't make this up:
The S&P 7, a handful of technology stocks, is now up an incredible 58% this year.
Meanwhile, the remaining S&P 493 is up just 4%.
AI hype and technology stocks are literally holding up the entire market.
Actually, Igy, I think they make up 73% of the gains this year. And if I am heavily invested in them I am saying Hallelujah! These babies have done great to me the last few years. And Hussman Strategic? LOL.
I don’t believe AI is immune from the economic cycle.
You’ve already established that. You may be right, I just don’t think so, at least not right away. AI is, IMHO, society changing, not a fad. We can look back over time and see whether you are right.
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