Sally Vix wrote:
Ghost of Igloi wrote:
It’s a new era. Hussman is a last-century anachronism. I won’t go through the long list of things that are different now than 2000-2002, many of which changes happened since the mortgage/banking crisis.
If he ends up being right, it will be for the wrong reasons.
I’ll be more inclined to believe that if we make it thru 2019 unscathed. No, on second thought, just don’t buy that thought period. It would mean that there is only a return based on one’s ability to sell to another at a higher prices. Valuations do not matter. In other words, a Ponzi that never ends. I think that is just B. S.
Igy, you sound like a broken record. You’ve been saying the same thing for years. Of course, some day you will be right, but you will have lost out on years of significant profits. Most people learn from their mistakes.
Not only that but even when the market takes a dip - even a significant dip - it will rebound and will resume its historic annualized returns of 10% or 11% with dividends reinvested. . It never fails.
Twenty year S&P 500 return at highest prices ever:
Index return annualized 3.943%, with dividends reinvested 5.865%
Adjust for inflation (CPI)
Index return annualized 1.780%, with dividends reinvested 3.662%