Looks like we're going to break the high in 2000 today. And that just nominal value. At 3% inflation, it may be another year or two before breaking even. What a ride!
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Looks like we're going to break the high in 2000 today.
I'll be a lot more interested in what happens tomorrow.
Every single asset in our ER portfolio was green today. Every single freakin' one. On a Monday no less.
I can't remember the last time that happened... if ever.
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The S&P500 peaked at 1,527.46 on March 24, 2000. So todays close of 1468.47 is about 60 points shy of the peak or just under 4 percent of the March 24, 2000 peak.
Don't forget those reinvested dividends for the last 7 years!
Justin is correct. If you had reinvested dividends, you would be well ahead of the March 2000 high now. The SP500 index does not account for reinvested dividends.
Justin is correct. If you had reinvested dividends, you would be well ahead of the March 2000 high now. The SP500 index does not account for reinvested dividends.
Perhaps you should also adjust for inflation, and reinvest the dividends. When you do that we still have 10-15% to go.
more importantly who thinks it's going higher? i think the top will be 5% or 10% over 1527 and then another correction/bear market depending on your theory of housing
Just for fun, the green line is where Hussman thinks the S&P 500 should be:
You mean "Great Grizzly" Hussman? If he really wanted to keep his clients awake at night he shouldn't have used that logarithmic scale.
I'm waiting for Bill Gross' next stock market forecast, but he's probably too busy trying to figure out what he's going to do with his extensive ISM/OSM holdings...
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
You mean "Great Grizzly" Hussman? If he really wanted to keep his clients awake at night he shouldn't have used that logarithmic scale.
He doesn't want to keep his clients up at night, he wants to scare you into becoming his client so you'll sleep better at night with his hedging strategy. I believe he pockets the full 1% ER on his funds, too. Nice work if you can get it. Of course, he could be right in spite of his conflict of interest.
i checked and the highest intraday was 1553 and change back in march 2000. 1527 was the highest close
there is a story that the FDIC, Federal Reserve and someone else had a big meeting of bankers and other execs involved in housing trying to formulate a plan to keep foreclosures to a minimum.
He doesn't want to keep his clients up at night, he wants to scare you into becoming his client so you'll sleep better at night with his hedging strategy. I believe he pockets the full 1% ER on his funds, too. Nice work if you can get it. Of course, he could be right in spite of his conflict of interest.
Or wrong - either way he will collect the fee.
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