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 remember Igy saying he would not buy HSGFX for his clients.
If the Covid lockdowns were not enough, not this insane war with Russia and the backfiring sanctions.
The lunatics are running the asylum
Some people can see it while others bury their head in the sand. Most live unserious lives, living for the moment, tomorrow be damned.
there's a 'boy who cries wolf' piece to this....anyone who has been alive more than 25 years has heard almost every one of those years that this is the big one, this is the end, this is what will bring down the house of cards. Meanwhile, the stock market hits new highs and the economy gets bigger and bigger.
And if you've lived over 50 years...my goodness the forecasts of doom that have all proven wrong.
Like posting on a running website message board:
"Down to 14,850 from a peak of 15,700 I believe. Maybe 5% What's the bottom? I am betting sub 13,000"
Of course, the end of the 'boy who cries wolf' story is that an actual wolf does appear and eats everyone. That will happen eventually yeah.
Some people can see it while others bury their head in the sand. Most live unserious lives, living for the moment, tomorrow be damned.
there's a 'boy who cries wolf' piece to this....anyone who has been alive more than 25 years has heard almost every one of those years that this is the big one, this is the end, this is what will bring down the house of cards. Meanwhile, the stock market hits new highs and the economy gets bigger and bigger.
And if you've lived over 50 years...my goodness the forecasts of doom that have all proven wrong.
Like posting on a running website message board:
"Down to 14,850 from a peak of 15,700 I believe. Maybe 5% What's the bottom? I am betting sub 13,000"
Of course, the end of the 'boy who cries wolf' story is that an actual wolf does appear and eats everyone. That will happen eventually yeah.
The same dynamics that inflate financial markets makes college education unaffordable. That is, both financialization and moral hazard. Inflate the asset with subsidized interest rates and plentiful liquidity, and when things collapse, bail everyone out. How else do you get to a $9.2 Trillion Fed balance sheet, and double digit real inflation? It is all connected.
Well those assumptions are blowing up right in front of policy makers, whether they realize it or not. I am not alone in believing the real trouble that lies ahead.
Some people can see it while others bury their head in the sand. Most live unserious lives, living for the moment, tomorrow be damned.
there's a 'boy who cries wolf' piece to this....anyone who has been alive more than 25 years has heard almost every one of those years that this is the big one, this is the end, this is what will bring down the house of cards. Meanwhile, the stock market hits new highs and the economy gets bigger and bigger.
And if you've lived over 50 years...my goodness the forecasts of doom that have all proven wrong.
Like posting on a running website message board:
"Down to 14,850 from a peak of 15,700 I believe. Maybe 5% What's the bottom? I am betting sub 13,000"
Of course, the end of the 'boy who cries wolf' story is that an actual wolf does appear and eats everyone. That will happen eventually yeah.
Agip nails it. Over the last decade there have been 27,523 "experts" who have warned us the market's collapse was imminent and just around the corner. So far they are batting 0 for 27,523. Until I see otherwise I will continue to believe the market has always gone up in the long term and will continue to do so. No other investment has been so consistent and such great annual returns over its course. The 27,523 "experts?" I ignore them gleefully.
there's a 'boy who cries wolf' piece to this....anyone who has been alive more than 25 years has heard almost every one of those years that this is the big one, this is the end, this is what will bring down the house of cards. Meanwhile, the stock market hits new highs and the economy gets bigger and bigger.
And if you've lived over 50 years...my goodness the forecasts of doom that have all proven wrong.
Like posting on a running website message board:
"Down to 14,850 from a peak of 15,700 I believe. Maybe 5% What's the bottom? I am betting sub 13,000"
Of course, the end of the 'boy who cries wolf' story is that an actual wolf does appear and eats everyone. That will happen eventually yeah.
Agip nails it. Over the last decade there have been 27,523 "experts" who have warned us the market's collapse was imminent and just around the corner. So far they are batting 0 for 27,523. Until I see otherwise I will continue to believe the market has always gone up in the long term and will continue to do so. No other investment has been so consistent and such great annual returns over its course. The 27,523 "experts?" I ignore them gleefully.
Agip nails it. Over the last decade there have been 27,523 "experts" who have warned us the market's collapse was imminent and just around the corner. So far they are batting 0 for 27,523. Until I see otherwise I will continue to believe the market has always gone up in the long term and will continue to do so. No other investment has been so consistent and such great annual returns over its course. The 27,523 "experts?" I ignore them gleefully.
Agip nails it. Over the last decade there have been 27,523 "experts" who have warned us the market's collapse was imminent and just around the corner. So far they are batting 0 for 27,523. Until I see otherwise I will continue to believe the market has always gone up in the long term and will continue to do so. No other investment has been so consistent and such great annual returns over its course. The 27,523 "experts?" I ignore them gleefully.
Can we add Hussman Strategic to that graph? Again, $10,000 invested in HSGFX in 2001 is now worth like $10,600 today. $10,000 invested in the S & P in 2001 is worth $50,000 today (as of year-end 2021). Which would you rather have?
Can we add Hussman Strategic to that graph? Again, $10,000 invested in HSGFX in 2001 is now worth like $10,600 today. $10,000 invested in the S & P in 2001 is worth $50,000 today (as of year-end 2021). Which would you rather have?
Back on the subject here. Don’t confuse what we are talking about here. Read tge last paragraph:
“The total return certainly looks better over 20 years later, but the real (inflation-adjusted) purchasing power of that $1,000 is currently 1,232 dollars above break-even, a real compounded annual return of 3.66%.”
That is what happens when the economy is dominated by cheap, plentiful liquidity. And that is only getting worse.
Payback. You better start opening your eyes instead of using worthless comparison.
Can we add Hussman Strategic to that graph? Again, $10,000 invested in HSGFX in 2001 is now worth like $10,600 today. $10,000 invested in the S & P in 2001 is worth $50,000 today (as of year-end 2021). Which would you rather have?
Can we add Hussman Strategic to that graph? Again, $10,000 invested in HSGFX in 2001 is now worth like $10,600 today. $10,000 invested in the S & P in 2001 is worth $50,000 today (as of year-end 2021). Which would you rather have?
HSGFX up 9.51% YTD, what is the NASDAQ YTD?mat
What my investments do over 6 months concerns me little. What they do over 20 years concerns me a bit more and what they do over 50 years concerns me quite a bit.
Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.
Goldman thinks the debt forgiveness is a nothing burger in terms of macro.
I’m divided…generally against on puritan grounds, but why did I not feel the same when the gummint gives away stuff in other ways? I dunno.
Independent experts at Goldman Sachs have a new analysis of the Biden student loan announcement. 3 key points:
On inflation: "debt forgiveness that lowers monthly payments is slightly inflationary in isolation, but the resumption of payments is likely to more than offset this.”
Some people can see it while others bury their head in the sand. Most live unserious lives, living for the moment, tomorrow be damned.
there's a 'boy who cries wolf' piece to this....anyone who has been alive more than 25 years has heard almost every one of those years that this is the big one, this is the end, this is what will bring down the house of cards. Meanwhile, the stock market hits new highs and the economy gets bigger and bigger.
And if you've lived over 50 years...my goodness the forecasts of doom that have all proven wrong.
Like posting on a running website message board:
"Down to 14,850 from a peak of 15,700 I believe. Maybe 5% What's the bottom? I am betting sub 13,000"
Of course, the end of the 'boy who cries wolf' story is that an actual wolf does appear and eats everyone. That will happen eventually yeah.