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.
It's Friday and this is Fresh Hops (IPA) season, so this will have to wait until later...
Thanks for reminding me.I'll have to visit The Barking Armadillo Brewery in Georgetown and have a Quarantine IPA ( hazy ). I have other TX favs, Meanwhile's Secret Beach IPA ( San Diego style ) and Lone Pint's Yellow Rose SMASH IPA.
To return to 2016-2019 levels of home affordability, 3 things must happen per Fannie Mae: - Median price of a single family home would need to fall 38%; - Median household income would have to rise more than 60% to $134,500 - Mortgage rates would have to fall 2.3% from 6.%
The retweet below triggered me, so here is a long rant about the institutional problems at the Fed and New York Fed President John Williams. --- Congress amended the Federal Reserve Act in November 1977, adding the dual mandate of maximum employment and price stability. The point… https://t.co/EPhSnCxWuF
It's Friday and this is Fresh Hops (IPA) season, so this will have to wait until later...
Thanks for reminding me.I'll have to visit The Barking Armadillo Brewery in Georgetown and have a Quarantine IPA ( hazy ). I have other TX favs, Meanwhile's Secret Beach IPA ( San Diego style ) and Lone Pint's Yellow Rose SMASH IPA.
That's what it's all about - not letting this short lived blessing slip away. And boy, did I score last night: a Russian River/Bale Breaker Fresh Hop and a Stoup Strata Fresh Hop IPA. The Stoup was a little better, and both really had the unmistakable fresh hops taste!
The beers made by both of those breweries never, ever dissappoint, so I have come to find.
BTW, I watched a video yesterday of someone driving the streets and sight seeing your beautiful town, and it is charming. I kind of watched it to see if I would remember driving through it when I lived in Texas.
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.
On the debasement trade, I wasn't aware that gold had been doing so well. But upon checking it against Tech sector and against NDX, it has been doing better some durations, but not others, and I wouldn't say it is outperforming consistently.
Crypto, on the other hand, most of us are well aware that it has been on a tear (big rise). But the risk factor is a major factor and it would be folly to ignore that, imo. I limit my exposure to a little Etherium, and I do so because Etherium has a much more contained environmental impact due inherent proecesses of mining and tracking it.
I gather that you refer to the debasement trade as an example of the loss of faith in the markets as exemplified by investors/speculators turning to alternative forms of investment and currency. I just see it as speculation in the vast majority of cases. But draw your own conclusions.
These are the 'headquarters' of the 4 quantum computing companies driving this insane speculative bubble.$IONQ; MC: $23.5Billion$RGTI: MC: $13 Billion$QBTS: MC: $11 Billion$QUBT: MC: $4.5Billion
They are glorified research projects (as stated by the Rigetti CEO himself -… pic.twitter.com/uuQUChRw18
You never apologized for saying NVDA would make $200 by year end 2024. Besides you never paid off your last bet that YOU lost. And being the actual gentleman here I let you off the hook.
You never apologized for saying NVDA would make $200 by year end 2024. Besides you never paid off your last bet that YOU lost. And being the actual gentleman here I let you off the hook.
Okay ... here is my apology here:
Igy - I apologize for saying that NVDA would make $200 by year-end 2024. I am sincerely apologetic and will try to not make any more wrong predictions in the future.
You never apologized for saying NVDA would make $200 by year end 2024. Besides you never paid off your last bet that YOU lost. And being the actual gentleman here I let you off the hook.
Okay ... here is my apology here:
Igy - I apologize for saying that NVDA would make $200 by year-end 2024. I am sincerely apologetic and will try to not make any more wrong predictions in the future.
I am ready for my lashings.
Dang, I can’t give you grief about that anymore. :-)
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