People say today is nothing like 2000. It is worse. At least in 2000 politicians weren’t so obvious in gaming the system. We live in a sick society where almost anything goes. Hard work and innovation has been subjugated to investing and accounting gimmicks. Crypto, total nonsense. AI requiring nuclear power to be viable. I thought environmentalists were afraid of nuclear. Evidently changes quick when you can make a buck. The leveling of phony and fantasy is astounding.
So why is Hussman such a terrible mutual fund manager? Down 40% since inception. That is a joke.
Igy - we respect your opinion but please don't post anymore stuff from Hussman. He is a clown. Thanks.
So why is Hussman such a terrible mutual fund manager? Down 40% since inception. That is a joke.
Igy - we respect your opinion but please don't post anymore stuff from Hussman. He is a clown. Thanks.
I certainly am amazed at what a complete sack of feces his signature fund is, and that's just astounding. But I think his opinion pieces and analysis are much better, and that's not hard to do since his fund is the worst over the long term.
He makes some very valid observations and analysis. His strategy and timing get him into big trouble.
The original post from 3/2015 refers to the value of cash in a portfolio, the second I am unsure. I would never advise anyone to be in 100% cash. So your trolling is disingenuous. As far as the market goes, it was virtually unchanged from 3/2015 thru 3/2020. Now you may say “well that was the Covid low.” “A pandemic!” My response would be how many $Trillions of Government debt has been accumulated since then.
Your investments are subsidized by Government spending, low corporate tax rates, and future returns reduced with the next new high. Further devalued by inflation and the decline of the purchasing power of the Dollar. This is why I have stated numerous times I am largely in EM Bond CEFs, pulling income in excess of 14%, and capital appreciation of over 40%.
The markets had a very brief dip in March 2020 where it almost returned to where it was five years earlier, but in fact, was still significantly postive over that duration.
Most imortantly, those dates you reference are essentially meaningless and prove absolutely nothing. No one can pick the absolute lows and hghs of a trend, and that is exactly what you are doing.
The markets had a very brief dip to those levels in March, 2020, and I am talking about a matter of days only. Outside of that v-shaped drop, the markets were largely up, and strongly so.
Cherry picking days like that is a waste of our time and I don't like wasting my time.
OK, but more to my point:
"The Debasement Trade" since COVID:
In USD: NDX up 165%, SPX up 102%, Home prices up 56%.
In gold: NDX up 7%, SPX down 18%, Home prices down 37%.
The markets had a very brief dip in March 2020 where it almost returned to where it was five years earlier, but in fact, was still significantly postive over that duration.
Most imortantly, those dates you reference are essentially meaningless and prove absolutely nothing. No one can pick the absolute lows and hghs of a trend, and that is exactly what you are doing.
The markets had a very brief dip to those levels in March, 2020, and I am talking about a matter of days only. Outside of that v-shaped drop, the markets were largely up, and strongly so.
Cherry picking days like that is a waste of our time and I don't like wasting my time.
Not one of my tech heroes, and if I had to come up with one, all I can think of is Gates and all the beneficial things he did in terms of philanthropy, which isn't tech at all, for that matter.