Hard Times For Parasites

This reporter's heart pumps piss for these blood-sucking vampires.

It’s the Worst Time to Make Money in Markets Since 1972

By 

Elena Popina

December 5, 2018, 4:00 AM PST Updated on December 5, 2018, 6:21 AM PST

• Not a single of 8 main asset classes is up at least 5% in 2018
• There was bull market somewhere in 2008, 1974 routs, NDR says

Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency.

[...]

In terms of losses, investors have seen far worse. But going by the breadth of assets failing to deliver upside, 2018 is starting to look historic.

Nothing’s working, not large or small-cap stocks in the U.S., not international or emerging equities, not Treasuries, investment-grade bonds, commodities or real estate. Most of them are down, and the ones that are up are doing so by percentages in the low single-digits.

That’s all but unique in history. Normally when something falls, something else gains. Amid the financial catastrophe of 2008, Treasuries rallied. In 1974, commodities were a bright spot. In 2002, it was REITs. In 2018, there’s nowhere to run.

It degenerates into less comprehensible econ-speak after that, but the message is clear: