Market will hit new lows this summer, says Scott Minerd

Scott Minerd, Global CIO of Guggenheim Partners, breaks down

[Ryan-jrcv]

No Volatility because people are realising that the news is overblown.

[brainwashingdetergent]

Time to buy stocks they will sky rocket this summer! Just watch and see.

[knockitdown]

Great job Sarah Eisen for asking about his prior rate hike prediction. She does her homework!

[newsomething]

Toshiba in 1987, Huawei in 2019


Thirty years ago, Toshiba exported precision instruments to Russia. The United States imposed the following penalties on Toshiba Group:



1.) The Japanese Police Department was ordered by the US to arrest Erhe Lin, President of Toshiba Machinery Foundry, and Hiroshima Tanamura, President of Machine Tool Business, and sentenced to 10 years’ imprisonment



2.) Closing Toshiba’s factory in the United States



3.) A 100% tariff on Toshiba products sold to the United States



4.) As an alternative punishment to the previous one, Toshiba’s exports to the United States were banned for five years.



5.) A huge fine of 1 trillion yen was imposed on Toshiba, equivalent to $16 billion today.





In order to calm the anger of the United States, Japan imposed severe penalties on Toshiba Group:





1.) Japan’s semiconductor industry would unconditionally share technology with American companies.


2.) Toshiba spent 100 million yen to publish a full-page apology advertisement in all major newspapers in the United States.



3.) Japan Semiconductor Association invested 9 million US dollars to launch various relations lobbying in the US Congress, and this lobbying has become the most costly lobbying war in history.



4.) The chairman and general manager of Toshiba Group resigned.



5.) By an administrative order issued by the Ministry of Communications, Toshiba was prohibited from exporting any products to 14 countries for a period of one year.





The U.S. attacked Toshiba not because it sold equipment to the Soviet Union, but because it affected U.S. interests. The United States believed that the Japanese semiconductor industry represented by Toshiba Group seriously threatened the economic interests of the United States, while the Japanese high-end manufacturing plan threatened the United States and challenged the technological hegemony of the United States. The United States is the master of Japan, Japan can only apologize, which has led to Toshiba gradually losing its past glory.

[sukszeto]

All the Bears are coming out. Stockman may come back to the show now we r correcting.

[TheBreezus]

I guess its time to get out, I check my robinhood and I think I had 1 stock in the green out of like 45

[johndavis]

I wonder if all people who invest index funds just keep adding and adding it that would stabilize some of down turn that is about to come up

[ljenny]

New low is the good opportunity to buy.

[xxmadeupxx]

Investors need to learn to do their basic math, and quit investing based on hope or guesses. There should be little debate about what Scott Minerd is saying. A basic tenet of investments is mean reversion. Earning, especially, revert to the mean. Please apply mean earnings on the S&P, and multiply by the mean P/E ratio of 15, and tell me what you get for the price of the S&P500.

[luke]

No worries guys trade war is easy to win we have to trust Mr. President