Try 10. Remember it took ~13 years after the Tech Bubble, ~16 years for the NASDAQ. Furthermore, the bureaucrats and the politicians removed any price discovery from the markets, blowing the all asset bubble to the highest valuations ever. The crazy behavior this cycle is well beyond anything in the Tech and Housing Bubbles. Why would anyone believe this period would have some benign conclusion?
I was going to expressly remind you that only yesterday you said that stocks were good value when looking at the longer term. If you believed that yesterday, you should have believed it more strongly today and bought the opening dip.
Stupid psychology always gets in the way of good investing...
CNBC's Jim Cramer joins 'Squawk Box' to react to May's hotter-than-expected inflation figure. "I want the Fed to go 100 basis points," Cramer tells Andrew Ro...
Try 10. Remember it took ~13 years after the Tech Bubble, ~16 years for the NASDAQ. Furthermore, the bureaucrats and the politicians removed any price discovery from the markets, blowing the all asset bubble to the highest valuations ever. The crazy behavior this cycle is well beyond anything in the Tech and Housing Bubbles. Why would anyone believe this period would have some benign conclusion?
This down cycle could exceed the ~18 months of the Tech and Housing Bubble busts. A two year period of pain would likely be necessary to wring out the excesses of this period.
I was going to expressly remind you that only yesterday you said that stocks were good value when looking at the longer term. If you believed that yesterday, you should have believed it more strongly today and bought the opening dip.
Stupid psychology always gets in the way of good investing...
I started the day saying the bond market was shrugging off this inflation news and 4 hours later it has turned into one of the worst days for bonds I can remember.
I was going to expressly remind you that only yesterday you said that stocks were good value when looking at the longer term. If you believed that yesterday, you should have believed it more strongly today and bought the opening dip.
Stupid psychology always gets in the way of good investing...
so true
Should feel good about your move.
As bad as the day started, I juct checked my holdings and my daily loss has doubled since then
Try 10. Remember it took ~13 years after the Tech Bubble, ~16 years for the NASDAQ. Furthermore, the bureaucrats and the politicians removed any price discovery from the markets, blowing the all asset bubble to the highest valuations ever. The crazy behavior this cycle is well beyond anything in the Tech and Housing Bubbles. Why would anyone believe this period would have some benign conclusion?
Things are not anywhere near as overvalued and crazy as they were during the tech bubble. We will see 4800 again before the end of 2023, probably by mid next year. Probably not again in 2022, however.
Earnings Scorecard: For Q2 2022 (with 2 S&P 500 companies reporting actual results), 1 S&P 500 company has reported a positive EPS surprise and 2 S&P 500 companies have reported a positive revenue surprise.
Try 10. Remember it took ~13 years after the Tech Bubble, ~16 years for the NASDAQ. Furthermore, the bureaucrats and the politicians removed any price discovery from the markets, blowing the all asset bubble to the highest valuations ever. The crazy behavior this cycle is well beyond anything in the Tech and Housing Bubbles. Why would anyone believe this period would have some benign conclusion?
Things are not anywhere near as overvalued and crazy as they were during the tech bubble. We will see 4800 again before the end of 2023, probably by mid next year. Probably not again in 2022, however.
You don’t know what you are talking about. You could find great value in dividend stocks in 2000 and the 10 Year Treasury was above 6%. Besides current market valuations exceed the Tech Bubble on most metrics most correlated on future returns. This is just one snapshot from Advisor Perspectives.
My signature fund is now worth about 69% of what it was at inception and our net expense ratio is a paltry 1.23%. You get what you pay for. Let’s see SARK match that!
I'm not sure you understand what a fund like this is designed to do...
Do you think there are a lot of investors treating HSGFX as a long term buy and hold? Is that what you think Igy has been doing, hanging on for dear life for inception?
There are a great many investment instruments that go down in value most of the time. They all exist for a reason.
Looks like HSGFX hit a 5 year high up 2.15% today at $7.12/share. 👹
I'm not sure you understand what a fund like this is designed to do...
Do you think there are a lot of investors treating HSGFX as a long term buy and hold? Is that what you think Igy has been doing, hanging on for dear life for inception?
There are a great many investment instruments that go down in value most of the time. They all exist for a reason.
Looks like HSGFX hit a 5 year high up 2.15% today at $7.12/share. 👹
Thanks, Igy! Now down less than 30% since inception (not including my annual 1.23% fee).
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