Exactly. Since March 2009, the S&P is up over 200% and he is down what, 25%? I know some bears will save it's unfair to pick that starting date but how can a fund manager possibly lose that much in that kind of rally? Unacceptable.
Why not just hold to end of year since XIV will certainly be much higher then? There is no risk to owning equities.
What a shock! I thought it was barely down. But in any case, on a flat day how did Hussman lose so much?
Dang, he got whacked today?! On a down day for S&P? oh goodness. I wonder if he's ever going to address the NAV of his fund? I agree, he is shockingly confident for someone who keeps losing money?!
You've been saying a crash is coming since 2010. Grantham says we go to 2350, then crash to 1150. You know more than Grantham?
If interest rates over rose, margins would implode. I didn't realize the Buffett indicator was as high as it is. Truly amazing to have this kind of ratio of market cap to GDP. Painful as it is, and as likely as the market rally will continue, I am thinking about stepping aside for a bit. This is simply madness now!
Fed beat capitalism.
I think you're right. The market is completely out of touch with reality now, more so than any time except maybe 1999/2000. Hussman is right, and yet he's wrong. I continue to be bullish on stocks and bearish on the economy because I believe the Fed will continue to manipulate the markets.
Hey buddy you obviously don't read too well. You do realize that shorting VXX all the way from 500 down to 29 is profitable, right? Man, what planet did you come from?
EOD SPY is up and VXX is down. There is no risk to owning equities, we're in a new paradigm of ever rising prices.
It's a real shame for people who don't have money to put in stocks. We're going to see SPY 300 and when the next recession comes in 2016/17 the market will go even higher because of QE. The real economy as we once knew it is long gone and the market has become permanently decoupled from it.
So what? Nobody thinks the economy is ever going to be strong again, that ship has sailed. Doesn't mean stocks will ever drop even for 1 day. SPY could hit 300 before the next down day of 0.5% or more. What a country! Nobody should be complaining, just open a margin account and get long stocks with massive leverage, the more overvalued the stock the higher it will go. Or just short VXX/UVXY.
Unless you're selling deep in the money calls you just don't get much benefit out of that. Miss all the downside. Fed cannot and will not ever raise rates. Remember in 2011 they said they would raise rates by mid 2012. Not in 2013, 2014, 2015, 2016, 2017, 2018, 2019. Maybe 2020 but I doubt it. We will never see a strong economy so they can always say there's room for low rates. No risk to owning equities ever again, Hussman and Grantham were wrong, bubbles in fact can go on forever in ZIRP when you have the world's reserve currency. The better things get for the markets the worse things will get for the economy which is why nearly 70% of Americans believe we're in a recession.
Can't be any way this stays over 9.
VXX is the greatest scam ever designed. From 45 to 29 in 3 weeks! Of course UVXY is better but often hard to short direct shares. When SPY is 300 in 20 months VXX will be about $2 split adjusted for a 93% drop and UVXY will be down 99.8%. This is the most remarkable stock market bubble of all time simply because it happened during a very weak economy which is not typical. There isn't a single analyst who thinks stocks are a decent value but there just isn't anywhere you can hope to make a return ever again. We print 3000 soon. Heck we're up 220 points in 3 weeks 3000 could be spring 2015.
Shiller going to be 30 in 6 months or so. I'm not sure he'll ever be long again lol. Can you believe this fund is down over 25% since March 2009 low in the market? Insane!