Down goes the Dow

Soundbar wrote:

Ghost of Igloi wrote:

Wrong on all counts. Net new asset +0.80% Year-To-Date.

How sad for you.

Hi Detector Dude.

Hi, K5/Igy!

So how is it that Igy thinks unregistered posters here are cowards, but then he posts anonymously and even links to Tyler Durden which is a well known anonymous troll?

Can you say hypocrite?

NONE of you can predict the stock market's future performance. This sums up the entire thread.

Moore off wrote:

NONE of you can predict the stock market's future performance. This sums up the entire thread.

Search for posts by "The Voice of Reason". He nails it.

Ownership Thinkadvisor:

http://www.alm.com/industries/finance/

"Investors and even financial professionals rarely recognize asset bubbles while they are in progress. As the price of a financial asset rises, investors have an increasing tendency to use the past returns and the past trajectory of the asset as the basis for their future return expectations. The more extended the advance, and the higher valuations become, the more stable and promising the investment can appear to be, when judged through the rear-view mirror. That extrapolation was at the root of the tech bubble that ended in 2000, and the mortgage bubble that ended in 2007. It is also at the root of the very mature bubble that has again been established today. The exodus of investors from flexible investment disciplines to passive investing and indexing, at valuations that are among the most obscene in history, is a symptom of a performance-chasing mentality dressed in the clothing of prudence."

--John Hussman, Weekly Commentary 2/6/2016

Don't you realize this kool-aid is killing you? But you keep on drinking!

"At present, the most reliable valuation measures across history rival the extremes observed in 2000, and range between 125-150% above (2.25 to 2.5 times) historical norms. No market cycle in history has been completed without taking these measures at least 40-50% below present levels. Our actual expectation is a market retreat on the order of 50-60% over the completion of the current cycle."

--John Hussman, Weekly Commentary 2/6/2016

You missed this...

Nothing but net wrote:

http://www.thinkadvisor.com/2014/12/01/hussmans-returns-like-his-forecasts-are-dismal-ana

But you missed this passive investor....

"With respect to conventional investment strategies, understand that holding a fixed, static allocation to stocks and other investment classes, regardless of their valuations, is implicitly an active investment strategy. At rich valuations, it is a strategy that lengthens the effective maturity of the portfolio and increases exposure to risk, even though prospective long-term returns have diminished. At depressed valuations, it is a strategy that shortens the effective maturity of the portfolio and reduces exposure to risk, even though prospective long-term returns have increased. A static allocation does that automatically, as a consequence of how discounted cash flows operate. Failing to rebalance simply amplifies this outcome."

--John Hussman, Weekly Commentary 2/6/2017

Of course I missed it. Did you even read the link that was posted explaining Hussman's ineffectiveness? No rational investor takes him seriously.

Depends whether you believe valuations matter. Actually you may not be a rational as you think you are.

Have you no clue as to how trite and cliche your unoriginal references are? My God but you are limited.

That is because he enjoys being spoon fed the crap what everyone else is eating. Of course he uses the Jim Jones analogy as if he is not drinking at the trough of fools.

Ghost of Igloi wrote:

Depends whether you believe valuations matter. Actually you may not be a rational as you think you are.

Obviously I'm more rational than anyone who posts the ramblings of an idiot like Hussman. It's too bad you can't think for yourself.