It's even worse than that! Large public pensions are now planning to borrow money to increase their holdings! (because they are underfunded!)
CalPERS' $80 Billion Leverage Plan?
Should be a good party until the music stops!
Posted on 06/17/2020 5:32:41 PM PDT by wrrock
MarketWatch is the most pessimistic financial site there is. They CONSTANTLY forecast doom and gloom. And they consistently take shots at Trump.
Grantham is a global warming loon. About 10 years ago his website said that the scientists disputing AGW were the same ones who the tobacco companies hired to dispute that cigarettes cause cancer.
Remember it well! The “technologists” were enamored with the latest clip art for even more “impactful” slides.
“Stock-market legend who called 3 financial bubbles says this is the “real McCoy’ of bubbles”
and if he calls the market the “real mccoy bubble of all bubbles” each and every month, eventually he’ll have correctly called his fourth bubble ...
“I think one of three things will happen. It will go down or up, or stay the same -perhaps multiple times. I stand firmly behind my prediction.”
and given that your track record of predictions has been 100% correct, they ought to give you your own show on CNBC ...
It's even worse than that! Large public pensions are now planning to borrow money to increase their holdings! (because they are underfunded!)
CalPERS' $80 Billion Leverage Plan?
Should be a good party until the music stops!
I never said anything about June, but OK.
Are you aware that 100,000+ small businesses in the United States have gone under in the last 3 months?
Surely you know that the $600 a week Uncle Sugar check that millions of people have been taking (and that for many people was more money they were making than working) expires Jul 31.
You also have mostly likely heard the news that there will not be another few Trillion spent on more COVID debit cards, direct deposits, and checks sent out to every single living organism in the United States again (as millions of people were counting on and hoping for).
You also probably know that other perks of the COVID crisis, like the 0% interest period and administrative forbearance for student loans via the CARES Act is currently set to expire in September, but in August those millions of people are going to get letters saying it's time to pay up again.
Now add rental and mortgage deferment expiration (all across the nation) into the mix.
Look, I am not a magician, wizard, or self-proclaimed guru.
But all of that is a recipe for disaster.
Now, stir that with the fact that Democrat politicians are deliberately prolonging the COVID pain in order to destroy local and state economies so that it harms Trump's reelection chances.
You see?
Valid point. It sure isn't the "science" label that deludes many.
So - does it say how many predictions he made that turned out to be wrong?
Does Beck have a bullion dealer as an advertiser?
There is always that disclaimer on every investment one makes:
“Past performance is no guarantee of future results”
It aways amuses me when they say “This guy correctly predicted this or that and he is now saying. ....”
Doesn’t really amount to much.
Yep...the disclaimers are similar the the “This drug may help you or it may kill you, or just make you sick” “prospectus” warnings on medicines.
My memory is that Grantham NEVER turned bullish after the 2008-09 bear market.
Yes, I love quoting myself as well. I have an extremely captive audience, and only occasionally encounter disagreements with myself.
Don’t you wish you were on the short list of folks who get the phone call at 3PM telling you what will be bought or sold at 9:30 AM the next morning?
You KNOW Pelosi is on that list. As well as Newsome and most of the CA Congressional Delegation.
For normal investors, it's simple. Buy depressed stuff where you know the value is potentially there. The real danger isn't over-valuation, but a new panic brought on by the left.
This guy is probably short and eagerly waits for the next salvo from the Left's anti-Trump cannon.
I think that amount is closer to $900, as $600 a week was added by the Federal Government, alone.
That is over $22/hour to not work for three months!
Jeremy Grantham has successfully predicted 15 out of the last 3 market downturns.
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