Simple as that. Interest rates are the key to the bubble.
If you don't have the walnuts to go all in, put 40% in and double your net worth every 2 years. That's 32X your net worth every decade and in 20 years, 1000X net worth. In 40 years, 1 million times your net worth. That means $1000 invested right now becomes 1 billion in 2054.
do you think his long term record speaks for itself though? Personally I don't think it's that impressive. I know he would say it's unfair to measure him from the March 2009 low, but his great results were the artifact of a super lucky inception date. How about in 2019? When we have 10 years in from the low is it fair to compare him to the S&P at that point? This assumes the fund still exists then which if the S&P hits 5000 by 2019 as I expect, may not happen. Heck I think even S&P 3000 might get him to give up.
Nobody alive today will see another 10% correction in stocks. Nobody. I don't care if you live to be 200 years old.
Buy 1000 shares for 71K and you can be a trillionaire in 20 years.
Stop whining girlfriend, you're just mad this went up today when the market tanked. Imagine how much you'll whine when this hits 1000 in 3 years.
And yes, that is right. This will rise forever and ever, the Dow will go to 1 million and SVXY to 1 billion in 2037.
I think I could get some pretty great odds since that's "only" a 4.5% drop from here, but it will not happen. Bet I could make some huge money.
Imagine devoting your whole life to something, really thinking you have it figured out. You have some success, for a short time you're on top of the world. Then you have a 5 year period where marketwatch among others calls you out for being literally the worst in your chosen field. I mean he may be the very worst manager since 2009. He's still holding on to these traditional metrics that he thought he had under his thumb but they simply are not relevant to the market.
I hope he continues with the comments because I think his capitulation, should it occur, would be an important consideration in marking a top for stocks.
We're in a new era of ever rising stock prices.
Yeah boy, stock market never dropping