cheers mate
cheers mate
Gil,
I thought you would know better:
Perhaps more research is needed.
Igy
Stating what's obvious wrote:
It didn't take long to recover most of Friday's losses. Life is good!
Don't look at the screen!
It's BACK......S&P back to May 2015.......
OPPS......
If you have a point to make, you should provide accessible support.
HSTRX closing prices:
9/12/2011 $12.47
9/12/2016 $12.35
How's the market done in those 5 years?
Taking another beating today.
The gains I got yesterday from going in after the Friday collapse have been wiped out and a lot more.
Should have bailed this AM based on the futures.
Don't worry it'll come back. It always does.
smarter investor wrote:
Don't worry it'll come back. It always does.
Not really.
It took 25 years to get back to the level it was at its peak in 1929.
Gil,
You forgot reinvested dividends and capital gains.
Igy
You're right. Here are the adjusted closing numbers:
9/12/2011 $11.54
9/12/2016 $12.35
That's an annual rate of 1.4% BEFORE taxes.
Treasuries must look pretty good to anybody who invested in that turkey.
Gil,
OK.
In the current environment, I would be more concerned with the return of my investment, than the return on my investment. Wasn't that a quote from Will Rogers?
Igy
So you agree Treasuries are better than investing with Hussman.
Gil,
Not today.
Igy
The Fly wrote:
Markets Springboard Higher; the Bear Market Has Ended
http://ibankcoin.com/flyblog/2016/09/12/markets-springboard-higher-the-bear-market-has-ended/
Dow down 1.41%....Life is Good.....
Unfortunately not down enough, my friend. Today is the day that you predicted that the Dow would be below 13,000. Obviously that didn't happen and I'm here to remind you that you've lost the bet.
Rather than collect my winnings, my wish is for you to enjoy the libation and drown your sorrows. Remember, someday you will be right. Someday.
POTO,
Thanks. If you change your mind let me know. I will toast a glass of Kirkland Chardonay this evening and celebrate your victory. Skoal.
But don't get cocky. The market only has to move 27% lower to reach DOW 13,000. We could be there in 20 days of trading like today. Most likely it will come in large moves that will in the end leave this thread mostly silent. The last month the market traded at DOW 13,000 was January 2013. That is not ancient history and roughly corresponds to the start of QE infinity.
Unfortunately, when the slide comes it won't stop at DOW 13,000. When will you know the slide is over? The Najarian Brothers will vanish and the allure of stock trading will have lost its luster. Jim Cramer will be screaming and called to account for his overly Bullish views. VTI will be one of the worst performers and articles will espouse the wisdom of John Hussman. The TD Ameritrade commercials will be a distant memory.
It is all cyclical you know.
How about double or nothing and we extend out bet six months to March 13, 2017? New President and Administration? Could be interesting?
Igy
Igy, I have no doubt the market will eventually have a mighty fall, but I don't see Dow 13k happening in the next 6 months. So I accept your offer. Double or nothing it is.
Enjoy the vino.
POTO,
I toast to your health. The Kirkland (Costco) Chardonnay is good for the price ($6.99). My understanding is one of the Costco founders has a winery that supplies many of the Kirkland brands. Some of the cheaper brands of Chardonnay have a sulphur aftertaste.
Thanks for playing along. Of course a collapse would be unexpected by most, but you do have Icahn, Drukenmiller, Gross, Soros, Gundlach, joining with the typically Bearish Hussman and Faber. The problem in this cycle is that bonds provide little to no portfolio protection.
Igy
POTO,
Here's another, check out his record:
http://www.cnbc.com/2016/09/13/black-swan-investor-warns-of-central-bank-bubble.html
Igy
Hostage to a Bull market
http://www.wsj.com/articles/hostage-to-a-bull-market-1473456611