Ghost of Igloi wrote:
Learn yourself up.
Oh, the irony!
Ghost of Igloi wrote:
Learn yourself up.
Oh, the irony!
Be a real man and get a registered handle, rather than hiding in your small world. Oh the irony!
So says the fake Igy. Oh, the irony!
Wait the historical return for the S&P is like 10% annual.
smarter,
Perhaps, but what is your ten year expected return at a market top? In the example I used 3/2000 thru 3/2010 it was -2.4% annualized excluding dividends. I would say your ten year expected return from today is similar to the ten year period from 3/2000 thru 3/2010. That is all, you can disagree or agree, make no difference to me.
Igy
John Hussman Tweet today on covenant lite bonds:
"Lite on covenants. Bond recoveries at record lows, half of historical average, amplifying the impact of defaults." pic.twitter.com/UHL9ICpVe…
Why would you pick that random period?
smarter,
Not a random period. The last market top we can get a ten year return was the period 3/2000 thru 3/2010.
Igy
We've had market tops all this week.
smarter,
Yes, and is that a reason to buy or a reason to sell?
Igy
Ok I just did the calculation for the latest 10 year period and its about 7% annual. That's without dividends. That's pretty good.
smarter,
OK, but the market has never been higher than where it is at the moment. So your calculation is like looking into the rear view mirror of your car, it says nothing about where you are going.
On the other hand, interest rates are a historic lows. GDP has been in a 2% range for sometime now. S&P 500 EPS have declined 18.5% in the last 1.5 years.
Therefore, a reasonable assumption is the next ten years will be quite a bit different than the past ten years.
Igy
Well it sets new highs routinely so your first paragraph is kind of silly. But a lot of people are saying returns will be lower than average for the next 10. But that's math.
It's your money.
Hey Facts,
Check this out before you buy debentures:
http://dimartinobooth.com/bond-market-beware-junkyard-dogs/
Igy
I read the article but couldn't find debentures.
Yet another record day. Life is grand!
I admittedly resisted this "fake Igy" thing others are pushing, but now I'm not so sure. Hey, I think the real Igy is a narcissistic Wall Street shill, but he's not stupid (usually). But whoever is using his moniker now is off the charts stupid, or putting on an act. It's got to be a troll.
Specifically why do you think it is the fake Igy?
Start with "stocks can't be converted to cash" or "bonds aren't guaranteed". Add in the numerous misspellings and that just hilarious defence of Hussman. I could go on, but you get the point, troll.