Not even if every fatty on the planet began taking this ineffective drug would the stock rise.
In 99/2000 I believe it was 2.2 or so. Yes, this is an interesting time. We all need to entertain the real possibility that the market is just a concept, computers can control it, it can stay overvalued on a permanent basis, and it doesn't need to track fundamentals.
I mean why would it really need to follow fundamentals? Back in the day the market's purpose was to allow companies to raise capital, that's no longer the purpose at all.
Should be 1.78 after today's rally when they update it. Wow! A third massive bubble in 15 years, go figure.
I wonder how many people realize stocks are more overvalued now than in 2007 on many key metrics? Now having said that, the stock market is just a concept, stocks don't necessarily need to follow fundamentals or the economy.
I don't see why Hussman won't acknowledge this. Who cares about GDP, p/e ratios, etc? Just doesn't matter. The market is only a concept anyway, why does he think it needs to have anything to do with the economy?
No 1% move down in over 3 months after a 200% straight line rally = manipulated.
Do you really think that mumbo jumbo works in a manipulated market?
I would love to see a correction, maybe 10 or even 15%. Just not sure I can see it happening right now. Fed is out of control, the economy is going to be working its way out of the Fed interference for many years now but at least we could begin that process if they could just stop. QE never did a thing for the real economy all it's done is squeeze the middle class and take money from all the taxpayers in the country and funneled it to Wall Street. One of the most egregious screw jobs in history.
Now that is quite a shocking number.
I am 100% in agreement with you. Even during the internet bubble and other crazy times you'd still see a 1% down day here and there, if not a 5% drop in a short period. This is almost unbelievable now. How could anybody think it's normal to never have a 1% drop?
So why would they allow that? There's no reason to allow it since the Fed and banks have cornered the market.
That's exactly the basis for my comment. Every single evening they dump billions on the futures. US national debt is amazing but the Fed balance sheet of multiple trillions is a true sight to behold.
I do not think the economy can handle even a 5% drop in stock prices now- the panic would be epic and the recession would be worse than 2008/09
LOL. This fund is awesome, you almost have to try to be this bad. He doesn't market himself as a bear fund but he has a ginormous loss during a move from 676 to 1980 LOL!
I don't want it because the economy would crash big time. I am just saying for the nervous nellies who are not all in long, you need to get all in long and make easy money to offset the tremendous inflation in rent, food, energy, and insurance costs.
gotta call it like I see it- going to hit $5 pretty soon. Would cut and run.
I can go along with your prediction as well. I was trying to be conservative to please some of the naysayers on this board.