^SCIIG
^SCIIG
Avoidance as usual. No surprise there.
Gold coming down for a pretty hard landing.
Huh?? wrote:
Ghost of Igloi wrote:
“Financial disaster is quickly forgotten. There can be few fields of human endeavor in which history counts for so little as in the world of finance.”
– John Kenneth Galbraith
Why the edit job instead of posting the entire, accurate quote?
That edited version of the quote has been used by John Hussman, which is likely where Igy picked it up. Igy is known for regurgitating whatever Hussman says without fact checking, or even applying any critical thinking to Hussman’s verbiage. It seems likely that Igy doesn’t really understand much of what he copies and pastes.
As usual, "gold vill be krushed!"
lol the manipulation of gold futures by Merrill Lynch.
Same old stuff.
Futures up this morning, means exactly nothing.
And agip, do you think it is the government who controls the primary and secondary bond markets, or vice-versa? Please note that I include primary dealers and the Fed as part of the government. Or do you think that in particular the secondary bond market exists outside such influence?
From where I sit, the WHOLE PURPOSE of the bond market is to effect policy--right from raising the money, to managing the resulting debt, to every other step in the process. Do you really think they would cast trillions out there without being able to control it? This is the US with fiat, not London with gold sovereigns. The USD has zero intrinsic value. EVERYTHING about it is a chimera, a creation and manipulation of expectations. US government bonds are the highest and best example of the character of debt-based fiat.
In other news, I'm going to buy a bunch of tobacco in the next drawdown. I choose to believe the rumors that they will be entering the pot space in earnest--and if I'm wrong, the downside is minimal to non-existent. No I'm not shorting pot stocks.
Oh, another handle SCIIG. How many is that now? Registered or unregistered?
Just for you:
Hey Igy I will be thinking of you and housework today. I'm taking the day to re-engage my tiling project, and avoiding any market news. Probably the highest and best use of my time, right agip? :)
Leaving the office now, an hour after open. Feels good!
Maserati,
Thanks. Make sure you use knee pads. Refinishing furniture this summer. Takes time to get it right. Really spending most of my free time exercising.
Igy
Ghost of Igloi wrote:
“Financial disaster is quickly forgotten.
– John Kenneth Galbraith
It doesn't matter for those who always anticipate disaster will happen at any time, and invest that way.
mister wrote:
Ghost of Igloi wrote:
“Financial disaster is quickly forgotten.
– John Kenneth Galbraith
It doesn't matter for those who always anticipate disaster will happen at any time, and invest that way.
?
Ghost of Igloi wrote:
Oh, another handle SCIIG. How many is that now? Registered or unregistered?
Oh, the irony!
You mean the entire bond market or just treasuries? Or are you basically just saying "the government has a lot of power in the bond market because they set the overnight Federal funds rate" because that's like "duh."
I like this. Illinois just legalized recreational weed to become like the 10th state to do so. Big Tobacco will use lobbying power to get preference and subsidies to grow from Congress and push out all the existing players in my opinion
Ghost of Igloi wrote:
Oh, another handle SCIIG. How many is that now? Registered or unregistered?
Just for you:
https://www.hussmanfunds.com/content/comment/
Your beloved Hussman Strategic Fund was up 8% in 2018 after losing 13%, 12%, 8%, 8%, 7% and 13% in the years 2017, 2016, 2015, 2014, 2013, and 2012, respectively. This is the fund you are touting?
https://finance.yahoo.com/quote/HSGFX/performance?p=HSGFXSally Vix wrote:
Ghost of Igloi wrote:
Oh, another handle SCIIG. How many is that now? Registered or unregistered?
Just for you:
https://www.hussmanfunds.com/content/comment/Your beloved Hussman Strategic Fund was up 8% in 2018 after losing 13%, 12%, 8%, 8%, 7% and 13% in the years 2017, 2016, 2015, 2014, 2013, and 2012, respectively. This is the fund you are touting?
https://finance.yahoo.com/quote/HSGFX/performance?p=HSGFX
Maybe that is the financial disaster he is trying to quickly forget.
nah wrote:
Sally Vix wrote:
Your beloved Hussman Strategic Fund was up 8% in 2018 after losing 13%, 12%, 8%, 8%, 7% and 13% in the years 2017, 2016, 2015, 2014, 2013, and 2012, respectively. This is the fund you are touting?
https://finance.yahoo.com/quote/HSGFX/performance?p=HSGFXMaybe that is the financial disaster he is trying to quickly forget.
And I forgot to add that it is down more than 10% so far this year. So 7 of the last 8 years it has had significant losses. On top of all the horrendous performance data, it still is charging a 1.3% expense fee and has the lowest Morningstar Rating possible. It is one of the worst funds I have ever seen. Yet Igy touts this fund nonstop.
^Fact: performance of fund managers in the bottom ranks of those funds with the poorest returns tend to rise dramatically in subsequent periods.
But: you are inexperienced and are naively relying on 100 year industry statistics for a twenty year time horizon.
That said: good luck.
Ghost of Igloi wrote:
^Fact: performance of fund managers in the bottom ranks of those funds with the poorest returns tend to rise dramatically in subsequent periods.
But: you are inexperienced and are naively relying on 100 year industry statistics for a twenty year time horizon.
That said: good luck.
You are correct that often fund performance is happenstance. Ones that did well in years past might to well just to happenstance. But your fund is an all-around stinker. It does terribly EVER year. It is the bottom of the barrel. The worst of the worst.
ok whatever, I don't feel like arguing today and maser and I have always lived on different planets. I live on a planet where people go to work and make decisions on what to buy and sell based on greed and fear. Maser lives on a planet where the government secretly manipulates $40 trillion dollars of bond market all around the globe and does so in a vast conspiracy without anyone ever telling a journalist.
Ghost of Igloi wrote:
^Fact: performance of fund managers in the bottom ranks of those funds with the poorest returns tend to rise dramatically in subsequent periods.
But: you are inexperienced and are naively relying on 100 year industry statistics for a twenty year time horizon.
That said: good luck.
actually not true. Morningstar did a study on this - they found essentially zero forecasting ability whether the fund is 5,4 ,3 or 2 star. It was a random mix.
BUT
If a fund was one star, then it tended to keep being a poor performer. Having one star did predict bad future performance.
Come now, agip!
It’s not “secret manipulation “, it’s “overt management”.
And it’s not “vast conspiracy”, it’s “general agreement “.
There is no need to get tinfoil hat over this. It escapes me why you are resistant to the fact that there is a relatively small number of players controlling your markets and your money. When Racket said that these players consisted of a handful of greedy fvcks on Wall St, he was mostly right—there are also some internationally particularly in London, and there is a revolving door between them and government.
This is well-known fact. The difficulty is to figure out the club from the outside. I have glimpsed the inside, and you wouldn’t believe the types of things that drive decision-making.