Yep! Yellen is shorting UVXY with her own money and maybe taxpayer money, down almost a buck in 2 hours. LMAO!
LMFAO!!!! Yellen can never raise folks- not 2016, 2018, 2020, or whenever. You will never see a bear market again, the worst case is we continue sideways while Yellen pumps the markets in the face of a recession. She's gotten us sideways for over a year with things getting worse and worse for almost all Americans. LMAO Yellen you pig!
Exactly! She is exterminating the average American! Anyone with half a brain can see all QE does is kill the economy and benefit the top of the pyramid! Yet, we're about to see more. Bill Gross is out today calling for helicopter money! The sad thing is even this emergency stimulus is just keeping the market flat now for almost 2 years, and at incredible cost to the nation!
That's your reality!
Yellen did it. She will never allow the stock market bubble to collapse! She doesn't care if she has to kill the economy to keep stocks levitated.
I'm so glad they claimed to be shorting, I hope they really did because soon it will be 40, 60, 100, 200, etc.
Sorry bout ya!
Well how about if multiples just stay flat and earnings slowly grow and interest rates stay near zero for 50 years? Look at today, market *should* have been down 5% if market cared about good fundamentals but instead it didn't even make 1% down and is almost green. Let's face it- the market broke permanently.
Ha- it's sarcasm, thermo is a major Hussman hater. I have no quarrel with him as a person. My mother lost huge holding this fund before I became more involved in her finances and we nuked her advisor. But still I have no quarrel with that- if people want to invest with him and lose money, that's their lookout I guess.
One thing is for sure- his claims of a possible 55% decline are beyond ridiculous. Sure, maybe we drop 15-25% from the highs (which are not in yet, and won't be in until November this year IMO). But 55%? He was saying that at S&P 1300. So he was effectively saying at that time, that we would breach the 670 low from 2009. Does anyone really take this seriously?! I mean really? 690?!
Still hasn't hit 4. I am willing to bet it never hits 4 again, still seeing around a buck at end of the year, with a run to 2.50 in 2017.
The longer you hold, the more you lose. You only buy this if you're expecting a major catastrophe. Look how this POS has traded the last 3 trading days as the market is flat.
I will be a buyer of TVIX in December for the early 2017 correction. UVXY will probably be around 2 then, and go to 5. Still down 67% if you buy today.
Just barely missed a green day, tomorrow bearskis will face the wrath of Yellen!
How can he be so certain the Fed won't be able to keep the markets at least flat? They're never going to materially raise rates.
Good, thoughtful post. In my opinion he's wrong because interest rates are going to be depressed for years leading to higher multiples.