Supported by this pleased shareholder up 10.33% YTD. 😷🫃🧑🏻🎤😹
It’s funny that Igy always seems to let’s us know about his investment purchases well after the fact. Makes you wonder about the ones he doesn’t mention.
Igy has the same investment advisor that Flagpole has. Flagpole has beaten the market 22 of 23 years. Igy has beaten the market maybe 23 of 25 years. Both are the most brilliant investors EVER.!
I've been doing some selling of techy stuff....when the 10 year is over 3% I don't see a lot of reason to be aggressive with high PE stocks.
But my large value holdings seem to weather it pretty well.
I closed a rather large position in NFLX today at the first opportunity in several weeks to get out at a break-even point. Otherwise, trying to maintain my long term tech bias.
Supported by this pleased shareholder up 10.33% YTD. 😷🫃🧑🏻🎤😹
It’s funny that Igy always seems to let’s us know about his investment purchases well after the fact. Makes you wonder about the ones he doesn’t mention.
I did see, however, that he mentioned he was using Hussman as an equity hedge a little while ago, about a month back, maybe two, as he discussed the merits of the fund with C9.
I've been doing some selling of techy stuff....when the 10 year is over 3% I don't see a lot of reason to be aggressive with high PE stocks.
But my large value holdings seem to weather it pretty well.
I closed a rather large position in NFLX today at the first opportunity in several weeks to get out at a break-even point. Otherwise, trying to maintain my long term tech bias.
You are speculating. The way to get rich in the market is buy-and-hold and avoid Hussman (the last part was kidding with Igy). You don't get rich speculatin - you lose money that way.
I closed a rather large position in NFLX today at the first opportunity in several weeks to get out at a break-even point. Otherwise, trying to maintain my long term tech bias.
You are speculating. The way to get rich in the market is buy-and-hold and avoid Hussman (the last part was kidding with Igy). You don't get rich speculatin - you lose money that way.
How can speculating cause anyone doing so to lose money every time?
huh? The budget deficit has been cut by over a billion dollars. You can criticize this congress for a lot of stuff but not fiscal irresponsibility. Or you can say 'a pox on all their houses' but you can't say there is "zero" responsibility by this congress. The results are the results.
here:
Newly released Mid-Session Review shows the FY22 deficit will be down by $1.7T+ compared to last year's deficit, & down by roughly $2T compared to the deficit the year before @POTUS took office. That's the largest YoY decline in history, & it's been driven by our strong recovery.
or look at debt to GDP. It is actually falling. Albeit off a COVID spike, sure.
But that number rarely has fallen in this century and it is falling fast.
Problem is the interest we have to pay on the debt is rising, so the cost of holding the debt is going up. With slumping GDP the ratio of debt to GDP will start to climb back up, especially if Biden adds $300 billion plus to the pyre.
I closed a rather large position in NFLX today at the first opportunity in several weeks to get out at a break-even point. Otherwise, trying to maintain my long term tech bias.
You are speculating. The way to get rich in the market is buy-and-hold and avoid Hussman (the last part was kidding with Igy). You don't get rich speculatin - you lose money that way.
I'm always surprised at how many market timers we have here given that it's such a poor strategy compared to buy and hold.
I know you and the Troll are just busting my chops. The truth is I posted when I first invested in the Hussman HSGFX (November 2020), and several times when it dropped. Anyway, I have my year end bet with Sally so there will be plenty to poke fun at if I am the loser.
It is clear that there is zero commitment to fiscal responsibility. Hard to imagine that it all doesn’t blow-up with serious long term negative consequences. Actually happy they keep doing stupid things.
huh? The budget deficit has been cut by over a billion dollars. You can criticize this congress for a lot of stuff but not fiscal irresponsibility. Or you can say 'a pox on all their houses' but you can't say there is "zero" responsibility by this congress. The results are the results.
here:
Newly released Mid-Session Review shows the FY22 deficit will be down by $1.7T+ compared to last year's deficit, & down by roughly $2T compared to the deficit the year before @POTUS took office. That's the largest YoY decline in history, & it's been driven by our strong recovery.
Pissing in the wind amounts. Pretty obvious the Orwellian Inflation Reduction Act, SPR at 35 year low, and todays’s Student Loan relief are all intended to buy votes, but in the end are inflationary. Not that the Republicans would do anything different, which is my point. One is free to believe oil will not be well over $120 this winter, and inflation has moderated enough for a Fed pivot.
You are speculating. The way to get rich in the market is buy-and-hold and avoid Hussman (the last part was kidding with Igy). You don't get rich speculatin - you lose money that way.
I'm always surprised at how many market timers we have here given that it's such a poor strategy compared to buy and hold.
i don't what you guys are talking about, unless Sally misunderstood me,
This was a position opened several years ago that i chose to close in that the fundamentals have changed and their position in their sector has materially changed in that time. That is what an informed investor does. At least, this informed investor. I waited patiently over the course of a few weeks and even a couple of months to find a time to exit whereby I could get out at neutral cost basis.
If you still don't know what I am talking, I would advise you to look-up the term 'cord-cutters' and you some of this reasoning behind this long-term rebalancing might start to make sense.
Anybody worried about this? I've seen from several different sources that China's economy is potentially coming up on a literal crisis situation, like US 2008 bad or worse. Even Ray Dalio sold his Chinese stocks, and he's always been very bullish on China. Seems kind of scary? I'm not buying anything over the next couple months unless we fall below 3800 again. Still following everything and assessing as we go, but I don't see myself buying in above 3800 for a long time, spring 2023 or later.
China is experiencing an economic downturn as they lower interest rates, spending decreases, and property values decline - here's what this means for everyon...
Problem is the interest we have to pay on the debt is rising, so the cost of holding the debt is going up. With slumping GDP the ratio of debt to GDP will start to climb back up, especially if Biden adds $300 billion plus to the pyre.
Eeeeeehhhhh maybe. remember that debt to gdp uses nominal gdp, not inflation adjusted gdp. In other words, if the economy grows 2% this year plus 8% inflation, nominal gdp has grown 10%. The debt does not inflate with that. So you have the same debt but vs a gdp 10% larger. Hence debt/gdp falls.
fair point that debt service will be higher at these higher rates. We should have borrowed 6 quadrillion dollars for 30 years at 1% in 2020.
Anybody worried about this? I've seen from several different sources that China's economy is potentially coming up on a literal crisis situation, like US 2008 bad or worse. Even Ray Dalio sold his Chinese stocks, and he's always been very bullish on China. Seems kind of scary? I'm not buying anything over the next couple months unless we fall below 3800 again. Still following everything and assessing as we go, but I don't see myself buying in above 3800 for a long time, spring 2023 or later.
These Gov-ment handouts should help us: $750 Billion Inflation Reduction Act, $18 Billion SPR oil releases, $300 Billion Student Loan Relief, $9 Billion Ukraine War Relief….now the Administration is considering free day care and Pre-Kindergarten.
Problem is the interest we have to pay on the debt is rising, so the cost of holding the debt is going up. With slumping GDP the ratio of debt to GDP will start to climb back up, especially if Biden adds $300 billion plus to the pyre.
Eeeeeehhhhh maybe. remember that debt to gdp uses nominal gdp, not inflation adjusted gdp. In other words, if the economy grows 2% this year plus 8% inflation, nominal gdp has grown 10%. The debt does not inflate with that. So you have the same debt but vs a gdp 10% larger. Hence debt/gdp falls.
fair point that debt service will be higher at these higher rates. We should have borrowed 6 quadrillion dollars for 30 years at 1% in 2020.
Wait until corporate profits are eaten up by higher material and labor costs, then falling demand. It will blow up your rosy interpretation.
Anybody worried about this? I've seen from several different sources that China's economy is potentially coming up on a literal crisis situation, like US 2008 bad or worse. Even Ray Dalio sold his Chinese stocks, and he's always been very bullish on China. Seems kind of scary? I'm not buying anything over the next couple months unless we fall below 3800 again. Still following everything and assessing as we go, but I don't see myself buying in above 3800 for a long time, spring 2023 or later.
These Gov-ment handouts should help us: $750 Billion Inflation Reduction Act, $18 Billion SPR oil releases, $300 Billion Student Loan Relief, $9 Billion Ukraine War Relief….now the Administration is considering free day care and Pre-Kindergarten.
These Gov-ment handouts should help us: $750 Billion Inflation Reduction Act, $18 Billion SPR oil releases, $300 Billion Student Loan Relief, $9 Billion Ukraine War Relief….now the Administration is considering free day care and Pre-Kindergarten.
Buying votes with your money.
The good thing is all this just increases the likelihood of a larger more extended epic economic collapse. Without it, nothing changes for the better. More wars, manipulation of lower economic strata of society, crime, corruption, open borders, decline of living standards, rising cost of everything, more financialization, lower economic growth, and lower opportunity, more Orwellian dictates.
These Gov-ment handouts should help us: $750 Billion Inflation Reduction Act, $18 Billion SPR oil releases, $300 Billion Student Loan Relief, $9 Billion Ukraine War Relief….now the Administration is considering free day care and Pre-Kindergarten.
Buying votes with your money.
Sure, helping Americans is buying votes in a sense. That’s why the Rs give my money to farmers in IA, flood victims in LA and hurricane victims in FL. And the Rs hands out unaffordable tax cuts whenever they can. Is all that buying votes? Or just helping people?
The good thing is all this just increases the likelihood of a larger more extended epic economic collapse. Without it, nothing changes for the better. More wars, manipulation of lower economic strata of society, crime, corruption, open borders, decline of living standards, rising cost of everything, more financialization, lower economic growth, and lower opportunity, more Orwellian dictates.
We're headed for disaster.
If the Covid lockdowns were not enough, not this insane war with Russia and the backfiring sanctions.