Maybe I can get me that Alfa after all. Red, AWD, black interior.
New recovery high today - highest SP500 since around May 5.
Today growth +3.1%
Today Value: +0.9%
This may be one of those hinge times...value has been dominating growth, but growth might be coming back. Do we pile back into tech now? And will Seattle come back to the thread? miss that guy.
I was saying you were wrong about QQQ (up 2.8% on the day).
No, I am saying it has been horrible in 2022, and will get worse in 2022. 😹
You may be right, but you touted HSGFX and downplayed QQQ so I countered with the fact that my QQQ number was better than the HSGFX number you offered. I know which investment product I prefer.
Also, many funds were dumping positions in April and May, which seems to have stopped. Which is good.
Tiger Global Management’s brutal year is getting even tougher, with losses at the firm’s high-profile hedge fund ballooning to 52% through May. Tiger reported the drop, which extends a 44% loss recorded through April, in a note to its investors Thursday. The firm’s long-only fund lost 20.6% in May, bringing its losses for the year to 61.7%. The losses prompted Tiger to cut its management fee by 0.5% through December 2023 in both its hedge fund and long-only fund.
Also, many funds were dumping positions in April and May, which seems to have stopped. Which is good.
Tiger Global Management’s brutal year is getting even tougher, with losses at the firm’s high-profile hedge fund ballooning to 52% through May. Tiger reported the drop, which extends a 44% loss recorded through April, in a note to its investors Thursday. The firm’s long-only fund lost 20.6% in May, bringing its losses for the year to 61.7%. The losses prompted Tiger to cut its management fee by 0.5% through December 2023 in both its hedge fund and long-only fund.
these university endowments who hire 'analysts' and pay them $400,000 to pick hedge funds are a crime against education.
Well not that you are not correct, but there are plenty of charlatans in finance. Even the Fed perpetrated their monetary experiments on the American public. Joseph Mengelas of finance.
Maybe I can get me that Alfa after all. Red, AWD, black interior.
New recovery high today - highest SP500 since around May 5.
Today growth +3.1%
Today Value: +0.9%
This may be one of those hinge times...value has been dominating growth, but growth might be coming back. Do we pile back into tech now? And will Seattle come back to the thread? miss that guy.
Honestly, this is the second post i read in just checking in for a second.
I miss you, too, big guy!
My take is that I was all set and forged the plan as follows: Sell on the rebounds because they won't last. Two steps down, one step up, repeat....
Luckily I hesitated. And one analyst i read even went so far as to say that it was too late to sell now. That was a week ago.
Which is all just my way of saying when something becomes so obvious to make sense to even me, it's too late, and do the opposite.
So I'm holding at this point and even slowly buying back the shares I sold on the way down. No more selling. And yes, I'm buying back tech, and Nasdaq 100.