This is just an ATM for the Brazilian government, they do whatever they want and shareholders have no recourse. This can go all the way to 0.
Absolutely 100% certain. The usual rules will never apply again. You don't value companies by earnings, cash flow etc. You just don't have anywhere else to put your money to work and given that the Fed cannot and will not ever raise rates, up we go. Just wait until they announce they absolutely won't raise until 2020.
What a market!
Fed cannot and will not ever raise rates, so we go to 3000.
Not sure I buy it but at least they're trying to adapt. Can't say the same for Hussman who is too focused on traditional valuation metrics which may not work ever again.
It will eventually be bad. At some point it breaks hard to the downside. That's why I just keep moving my trailing stop up.
Saw it! They really are into emerging markets, which makes a lot of sense with European valuations in particular really low.
Love that he gave Hussman a shout out as a "market expert." Wow! Have to chuckle at Grantham's use of "obvious overvaluation." It really is obvious. He still is looking for *at least* 2250 and perhaps more importantly, no drop for a couple years. That would be the end of HSGFX IMO. I think AUM would be down to just Hussman's personal assets and no longer any need for the fund.
discouraging? LOL. Japan is literally destroyed. Almost -10% GDP the past two quarters. Europe in recession everywhere. South America struggling. US stocks almost 100% overvalued according to Tobin's Q and Buffett ratio. Nothing matters!
I should have been more clear in original post. He is right more jobs have been created. If you have 10 people working 3 jobs apiece part time minimum wage no benefits, you have more jobs. What I should have said is real wages are still down big even if you believe the laughable inflation numbers. That has never happened in a "recovery" before.
Real wages are down big. That's a necessary ingredient for a recovery. Congrats to your nephew, hope he doesn't have to take a drug test too often.
Of course it's a bubble. Doesn't mean anyone can predict when it will pop.
But do you think he really believes what he posts? I don't think anyone could be that clueless.
That doesn't mean you can't be long stocks, I am still ultra, ultra long but only because the Fed is determined to take stock prices higher no matter what these reckless policies do to seniors and the middle class. I give as much as I can to charity to offset how greasy I feel about the whole thing. Something tells me you never give a dime...
ha ha ha! So what? Everyone knows it's a bubble, what everyone knows cannot be used to profitably trade!