Down goes the Dow

Hussman has lost $$ while marhet went up for years.

Made some money early this year as market tanked.

Now seems to be losing money as the market tanks.

What good is it?

Market tanking again.

Market basically flat -- a little below zero -- but somehow all my biggest holdings are taking a bath.

It's one disastrous day after another for over 16 months now

Big day tomorrow. Pce index out. Fed’s preferred inflation measure. I think most people think this will be the last big inflation print before it falls.

certainly the market is saying inflation is collapsing. Oil stocks down 30%, oil down 20%, tips breakevens down to a 2 handle, copper crashing, price of container transport falling.

HSGFX up 0.14% today.😹

I think you have been saying this for a while.

When inflation dipped a bit in April for example

yeah the last CPI print was a nasty surprise, no doubt.

but it's hard to find any inflationary numbers anymore....everything is pointing the other way now. Gasoline only recently started a trek down...I suppose that's a counterexample. Down just 3% so far. And it rose a lot in early june, which will be in the PCE number tomorrow.

Seems to me the inflation story is ending and the new story will be how deep or shallow or long or short a recession/near-recession will be.

Should we break out the party hats and streamers?

I heard that Hussman dude beat the market 32 out of 33 years without even trying.

Yet another disastrous day in the horizon.

Pre opening S+P down 1.5%, NASDAQ down 1.75%

PCE inflation number is being received as a mild positive. Market rose half a percent after the news came out. But still down a percent. And could be vastly different when the actual market opens.

The story is unchanged...the inflation story is ending and now we're on recession watch and Fed watch.

The market will be looking 6-12 months out and guessing whether the Fed will stop its rate hikes at the 3% zone as inflation and the economy cools.

BTC 19,200

down 40% in one month

almost off and below the rainbow chart.

oof

bond yields are falling today...10 year down to 3.0%.

will be interesting to see if that supports stocks.

During the inflation-scare period falling rates were a big positive for stocks because they indicated inflation was ending.

But now falling rates seem to indicate recession...so they probably won't help stocks as much. if at all.

But at least portfolios with bonds in them will get a boost today, reducing losses from stocks.

Back in bear territory for the year.

S+P 500 down over 20% for 2022.

I made @ $375k in six months in 2022 on a small bet....less than $50k of that gain remains.

This year alone down @ $140k in six months.. only 2 months and a week ago was up a few grand.

Tough to take. Every day is a losing day with precious few exceptions

I wonder how HSGFX will do.

One would expect it to do very well today if the market ends down as much as it is now.

Yet this has not been my brief experience with that Fund.

The rally got close to my target of 3,950-4,050. Crypto disaster stalled the rally, imho. Looks like we are back to liquidation mode. Unfortunately earnings season is likely to be a markdown, with PE compression to continue, and resulting S&P 500 price target to lower revisions.

Did it looking relaxed.

Yes, just like Jager. 😹