HSGFX Performance - Review the performance history of the Hussman Strategic Growth fund to see it's current status, yearly returns, and dividend history.
fed_speak @fed_speak · 22h Jeremy Grantham taking the W after calling for a market correction for 10+ years and missing a metric ton of upside in the process is really rich
You are correct ... I was looking at Yahoo Finance and that neg. 7.62% was 5 years ending 12/31/20. 2021 and 2021 was not included.
Respectfully, you can criticize Hussman or Grantham, but on balance no investment firm predicted the $Trillions in Government and Fed stimulus the last five years. So, while you are pounding your chest on your investment acumen you may want to consider what got you to the highs, and where you go from here.
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Seems to me the biggest problem stocks have...is that there are many alternatives now.
You can get a short term bond paying 5% now. Vs buying stocks at a 20x multiple suggesting maybe a 7-8% return. Taking that extra risk to get a couple percentage points...I dunno. Seems like a lot of people will be buying bonds. I am.
And if you want a little more risk, ST junk is giving returns probably in excess of expected stock returns.
Stocks have a lot to overcome here, and the excess payoff seems pretty small even if all goes ok in the economy.
I think people are still living in the past when bonds paid 2% and stocks were returning 12%. That's an easy choice. But 5% bonds...it's a new world.
"While the most extreme froth has been wiped off the market, valuations are still nowhere near their long-term averages. Further, in the past, they have usually overcorrected to below trend as fundamentals deteriorated. Such an outcome still remains highly likely..." Yep. https://t.co/zEQtCPuGPzpic.twitter.com/RIbqKWhHt2