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Posted
5 hours ago, Cameroni said:

Of course it was easy to read. You know why? Because they are the simplistic ravings of a fantasist. How do we know this?

Karoline Leavitt has 'incredible' and Cameroni has "of course", of course.

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Posted
On 4/24/2025 at 2:43 PM, beautifulthailand99 said:

Civil War, global warming , societal collapse by 2050 - now entering the end game of civilisation.

yeah you must be fun to hang out with. 

 

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Posted
8 minutes ago, beautifulthailand99 said:

Add a coucon of nuclear war and fallout where the lucky die first...... that's 2030-2040 

And . or global pandemic that makes covid look like a walk in the park - mortality ratio c10% - societal collpase again. Prep like your life depends on it as it will !

Posted
On 4/24/2025 at 7:12 PM, FlorC said:

Yes Biden is both weak and dumb (and demented and seniel).

But get with the times Walker , it is TRUMP now in charge. 

Not sure I'd agree with your first sentence (and I'm assuming you wanted to spell 'senile' and not 'genial'), but agree with the second sentence, yes, Trump is in charge – and IMO that is unfortunate. He acts like a cross between an undisciplined three year old and a mafia don. 

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Posted
On 4/25/2025 at 7:21 AM, Harrisfan said:

Yeah he's full of it. Only an idiot would predict a 25 year weak market. The US has 7/10 top companies in the world. The mkt will make a new high in 12 to 24 months.

Well, fella, you got two things wrong…..

 

I did not predict a 25 year bear market. I predicted that the highs we saw in Dec-Jan will not be topped for 25 years. The difference might be too subtle for you, but I will try to educate you.

 

Japan hit a high of 38,915.87 on 28 Dec 1989. Its bear market lasted until about 2009, around 7000 basis Nikkei, but it wasn’t until 2024 that the Nikkei beat the 1989 high. Get it?

 

As for “only idiots” predict a 25 year bear market, in January of 1990, a kind of famous trader named Paul Tudor Jones predicted the Nikkei would be at least 25 years before breaching its Dec 1989 high. Paul was actually off by 10 years, as it took 35 years. With a net worth above $8 billion, which I’m going to bet tops yours, Paul must be a really lucky idiot.

 

Generational highs occur when there is a perfect storm of negative conditions. Excess exuberance, excessive valuations, and a change in underlying economic fundamentals come together to create tops. Often there is also fraud involved. We certainly have the first three, though fraud tends to be revealed only after the fact. We also have oodles of stupidity in the persona of POTUS, who already changed the economic fundamentals to negative, as the GDP figure showed. He’s good at failure.

 

I get a kick out of the outrage my prediction has caused the MAGAs here. So married to his self-claimed greatness, and so hopeful he can add some value to their lives, that anything that paints him in a negative light affects them deep in their psyche. I might turn out to be wrong---especially if Dems retake the Congress and stop POTUS’ madness---but the reaction I have seen is quite amusing. Thanks for the laughs.

Posted
On 4/25/2025 at 7:51 AM, Cameroni said:

 

Yah, his stock market analysis is worth about a  used chewing gum, to predict a 25 year bear market, well, words fail one when one reads such nonsense. Even though his Walter Mitty fantasy has been destroyed many times over he persists on continuing the fantasy. Now he knows George Soros. Next he'll tell us he broke the bank of England.

 

:cheesy:

As I noted in another post, traders trade; advisors advise. Advisors have no skin in the game, and when wrong---which is usually---they say “nobody could have seen this coming”.

 

Traders accept responsibility. We get paid only if we’re right. Advisors can be eternally wrong, but still get paid. You claim to have been an adviser to hedge funds. Maybe, maybe not. I haven’t seen any wisdom coming from you that would suggest to me any hedge fund worth anything would contract you for advice. I doubt you advised the funds with whom I worked.

 

Of course, if you are consistently wrong, maybe we would contact you knowing fading what you say is the path to gains. I had two advisors like that, one worked for Goldman, the other for Morgan Stanley. Whenever I was in doubt, I called them in. Whatever they told me, I tended to fade. Thus, “advisers” can have some value, but generally not the value they intended.

 

As for the fund managers I noted, I had a long business relationship with one of them, and I worked for the other.

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