Why will they sell? Why would they risk popping this bubble?
You are either criminally insane or just blowing smoke. You will never see SPX under 2000 again let alone 1850 or the most ridiculous 1500. You have got to be kidding. Why would the Fed pop this market bubble?
He won't go at 27, but maybe he'll go at 30! That would certainly square with mental illness. I wonder if he is up to 99% of AUM yet?
How could anyone on God's green earth still think that it matters that the stock market is in a bubble? The Fed will *never* raise rates. Not 2015, 2016, 2020, etc. Never. They cannot do it.
Conservative SVXY target is 150,000 in 5 years. Dow to 100K.
Again, you are assuming that people are making investment decisions based on whether companies are a good value. They simply are not, or we would be at S&P 1100, not 2100. Nobody thinks US stocks are undervalued.
Although the comments still sound frantic I don't see how much more he can take when even Grantham is looking for another 200+ points on S&P. 200 points over about 18 months would get this fund down under 7.50 and would probably end it.
Everyone already knows. Tell me one single person in the entire world who thinks valuations are even remotely justified.
That's the simple truth. We go up forever until interest rates rise. I don't care that the Shiller p/e is an outrageous 27. Everyone knows stocks are no longer priced on fundamentals. Once you accept that, why not 30 Shiller p/e? Or 50, 100, 1000, or even a million? There need not be any link to fundamentals in the underlying companies. That's what bears don't get and it's why we could print 1 million on SPY before this is over. That's right, 10 million on S&P.
This surely is the greatest magic bubble of all time. Hussman is really going out on a limb calling for S&P to retreat to 1000.
This is quite an equities bubble. Spectacular! Probably going to hit Grantham's 2350 before a remarkable 50% decline.
There will absolutely be a crash at some point. Jeremy Grantham says it'll happen in 2016, the S&P will hit 2300 first and then lose 50%. Seems about right to me.
They are open and already sporting a healthy gain of 3.5 points. 2100 next week if not tomorrow. 2200 soon after.
Didn't see GS put out any targets for VXX. Usually it's good to do the opposite of what they claim to be doing. If you get a chance to sell UVXY at 30, good on you. I don't see it.