The promise of DeFi…..😷 https://www.zerohedge.com/crypto/320-million-limbo-after-second-largest-defi-hack-ever
The promise of DeFi…..😷 https://www.zerohedge.com/crypto/320-million-limbo-after-second-largest-defi-hack-ever
Selected Year to Date
Energy +23
SARK +18
Hussman +7
Non USA Dividend +5
Emerging +1
Financials +1
Value 0
Treasuries -2
Bonds -2
Gold -2
Schwab Div fund: -2
Corp Bonds -3
60/40 -3
Developed ex USA -3
TIPs -3
SP500 -4
Tech -7
Small Caps -7
Real Estate -8
Cons Discr -9
ARKK -19
BTC -20
You can see how value has moved to the top of the charts after scraping the bottom for a decade or more. temporary? Or will tech/growth stink for a while, having gotten ahead of themselves?
Obviously some overseas also stronger than the US, which is a switch.
If money starts moving out of US tech, it could float a lot of boats around the world. Like half a trillion out of each of the big multi-trillion companies....could really move some sectors.
Bonds just utterly painful. losing 2% in a month is really hard in bondland, esp when stocks are down too. Bonds are supposed to balance stocks, not exacerbate portfolio losses.
agip wrote:
Selected Year to Date
Energy +23
SARK +18
Hussman +7
Non USA Dividend +5
Emerging +1
Financials +1
Value 0
Treasuries -2
Bonds -2
Gold -2
Schwab Div fund: -2
Corp Bonds -3
60/40 -3
Developed ex USA -3
TIPs -3
SP500 -4
Tech -7
Small Caps -7
Real Estate -8
Cons Discr -9
ARKK -19
BTC -20
You can see how value has moved to the top of the charts after scraping the bottom for a decade or more. temporary? Or will tech/growth stink for a while, having gotten ahead of themselves?
Obviously some overseas also stronger than the US, which is a switch.
If money starts moving out of US tech, it could float a lot of boats around the world. Like half a trillion out of each of the big multi-trillion companies....could really move some sectors.
Bonds just utterly painful. losing 2% in a month is really hard in bondland, esp when stocks are down too. Bonds are supposed to balance stocks, not exacerbate portfolio losses.
Turns out that gold is not an inflation hedge after all.
iBonds have been making the rounds lately in boomer/boglehead circles.
Lately Boomers have been big into SARK and Hussman. Not sure what that means for Millennial story stocks, crypto, NFTs, and always win stocks like Meta.
agip wrote:
investing noob wrote:
I never understood the significance of the DOW with only 30 stocks in it.
In this sense the Dow is sort of a proxy for value and dividend paying stocks.
There has been a break at times between tech and value…this is an example.
Tech has dominated value and most people are overweight tech so the question is important.
Is Disney a value stock? It's priced right around it's all time high pre-Covid. Parks were closed and it doubled its price list year, made no sense. PE is now 130. How is that any different from overpriced tech stocks? Oh cause they have Disney+ now? Oh wait, that's also overpriced tech.
investing noob wrote:
agip wrote:
In this sense the Dow is sort of a proxy for value and dividend paying stocks.
There has been a break at times between tech and value…this is an example.
Tech has dominated value and most people are overweight tech so the question is important.
Is Disney a value stock? It's priced right around it's all time high pre-Covid. Parks were closed and it doubled its price list year, made no sense. PE is now 130. How is that any different from overpriced tech stocks? Oh cause they have Disney+ now? Oh wait, that's also overpriced tech.
Disney is special.
You don't fvck with the mouse
Prof. Racket wrote:
investing noob wrote:
Is Disney a value stock? It's priced right around it's all time high pre-Covid. Parks were closed and it doubled its price list year, made no sense. PE is now 130. How is that any different from overpriced tech stocks? Oh cause they have Disney+ now? Oh wait, that's also overpriced tech.
Disney is special.
You don't fvck with the mouse
Disney is a weird stock because it is both
1/ a covid travel-restriction victim
and
2/ participant in the streaming wars
we'd expect the travel business to rebound as covid disappears
and
we'd expect them to do well in the streaming wars.
put those together, and you have two reasons to pay high multiples for the stock.
and maybe there's a belief the dividend will be reinstated.
is it a growth or value stock? Probably more growthy than value-ish, esp b/c it has no dividend and b/c it is depending on some big growth.
Disney has to diversify away from kids, they are a decreasing demographic.
The so-called “balanced”portfolio, is no longer. For that, you have the gov and fed to thank, for it is they who have devalued the dollar via zirp/nirp diktat.
It is an egregious distortion that F’s risk-averse savers in the A.
Buckle up, today will be quite the ride. Hopefully some buying opportunities will be created for me, but the recent OPEC decision to maintain production likely means a continued grind up, like yesterday.
Maser wrote:
Disney has to diversify
Not sure if you've checked their holdings in the past, oh I don't know, 30 years or so, but they're fairly diverse.
Prof. Racket wrote:
Maser wrote:
Disney has to diversify
Not sure if you've checked their holdings in the past, oh I don't know, 30 years or so, but they're fairly diverse.
Not really.
As for gold not being an inflation hedge, that’s not true. Compare its long-term performance since Nixon, vs the s&p. It moves in big chunks and then sits for a while. Look at the recent rise from 1100 to 1800, and the fact that it has been holding at 1800. It is seen as leading inflation, and if it does, maybe that means that if it holds 1800 or drops, inflation will ease in the future.
I don’t follow Disney. Not interested at all.
I just saw that P/E of 130😂
Uh, ok
You’d be better off with CLPBY, even at its P/E of 43. Might pick some up myself
Maser wrote:
Prof. Racket wrote:
Not sure if you've checked their holdings in the past, oh I don't know, 30 years or so, but they're fairly diverse.
Not really.
As for gold not being an inflation hedge, that’s not true. Compare its long-term performance since Nixon, vs the s&p. It moves in big chunks and then sits for a while. Look at the recent rise from 1100 to 1800, and the fact that it has been holding at 1800. It is seen as leading inflation, and if it does, maybe that means that if it holds 1800 or drops, inflation will ease in the future.
bet
The open is looking awesome.
Prof. Racket wrote:
Maser wrote:
Not really.
As for gold not being an inflation hedge, that’s not true. Compare its long-term performance since Nixon, vs the s&p. It moves in big chunks and then sits for a while. Look at the recent rise from 1100 to 1800, and the fact that it has been holding at 1800. It is seen as leading inflation, and if it does, maybe that means that if it holds 1800 or drops, inflation will ease in the future.
bet
Prof. Racket wrote:
Gold is only a good inflation hedge over time frames far longer than any of our investment horizons, according to research conducted by Duke University professor Campbell Harvey and Claude Erb, a former commodities portfolio manager at TCW Group. They found that it’s only when measured over very long periods—a century or more—that gold has done a relatively good job maintaining its purchasing power. Over shorter periods its real, or inflation-adjusted, price fluctuates no less than that of any other asset.
Outside of industry use, gold is basically used to scam old people. Scare them into thinking some big doomsday event is coming, convince them that paper certificates for gold aren't good enough so they have to buy physical gold, and then charge them an exorbitant annual or monthly fee to hold it.
Ghost of Igloi wrote:
Lately Boomers have been big into SARK and Hussman. Not sure what that means for Millennial story stocks, crypto, NFTs, and always win stocks like Meta.
I’ve never heard of Hussman outside of this thread. Like, ever.
I’ve never heard of anyone mention him or the fund.
Prof. Racket wrote:
https://www.wsj.com/articles/gold-as-an-inflation-hedge-what-the-past-50-years-teaches-us-11628283272Prof. Racket wrote:
Gold is only a good inflation hedge over time frames far longer than any of our investment horizons, according to research conducted by Duke University professor Campbell Harvey and Claude Erb, a former commodities portfolio manager at TCW Group. They found that it’s only when measured over very long periods—a century or more—that gold has done a relatively good job maintaining its purchasing power. Over shorter periods its real, or inflation-adjusted, price fluctuates no less than that of any other asset.
Outside of industry use, gold is basically used to scam old people. Scare them into thinking some big doomsday event is coming, convince them that paper certificates for gold aren't good enough so they have to buy physical gold, and then charge them an exorbitant annual or monthly fee to hold it.
Incorrect. CB’s are the main demand, combined with not-old Indians and other Asians. Market is essentially determined by London. Retail western market is just fluff
Fwiw I am not in gold at the moment, but I do think about it, in a limited way
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