It looks pretty solid, only 2.8% more down. Don't think there should be any distributions since he has lost money every month?
Interesting. I wonder how much of the advertising is from weirdo doom and gloom gold bug sites? Is ZH getting paid in gold dust or real money? Someday it'll be revealed who is running that site, maybe when the next crash comes.
100% agree. The real problem for ZH and Hussman is they didn't anticipate what the government would do to keep things going. Hussman's flagship fund is down over 30% since the market low in 2009 and ZH would be at 100% loss or more if they followed their own advice. Right now companies aren't being valued on fundamentals, share prices are going up simply because there is nowhere else to invest. Who knows when/if it will change.
"Topping." Well, I agree we're closer to a top than we were 3 years ago. I still am saying the top is 3000 S&P. That will scare some folks out of the markets.
Well, I figure it we drop to 1750 I'll be up about 800% versus the 1100% or so the last few years. I know you have done a lot better (although I don't see how since you've been bearish forever).
No, I have not been stopped out. It is not a straight S&P thing since I hold so much XIV and VXX short. I figure at 1750 S&P I would be stopped out. It will not happen. When we go to 2500 I will move the stops up and probably would be stopped out at SPX 2150. At 3000, move it up to 2500, etc. When S&P hits 100K I sell everything and retire to Martinique, c'est magnifique.
Well, we're going up the rest of the year to 2150-2200 area. So you can post all that nonsense or you can go long and recoup some losses.
He is still saying that. So 2060 takes us to 1030. I seem to remember he first said it around 1500 S&P, which meant he thought it would hit 750. I wonder if this goes on until we go to 4000 S&P and he says we will drop to 2000. LOL!
Full props to John. The fund continues to stay over 9. His picks must have been great today.
I agree with you and I think his chart of unhedged vs. SPX is ample proof. I wish I could either invest in his unhedged picks or get the picks in real time, would be very helpful. Sadly even if he lives and manages until 2050 I don't think he'll ever close the performance gap now.
Well, you do the math. S&P 3600 just for starters.
Me too buddy me too! I only wish the real economy would recover, people that don't have assets in the financial markets are really getting a raw deal.