04-15-2021, 11:33 PM
(04-15-2021, 10:55 PM)fenders53 Wrote:
It's getting tougher. Being all in if your entry is recent comes with considerable risk of waiting years to get back to even. We'll get a dip before long and see what happens. Everyone is programmed to buy a dip. That probably works a while longer. Earnings might make it a sector thing.
The market is over valued by 34.8 percent right now. I have the graphs and proof just how extended these valuations really are lol. I don’t need to sell everything and go 100% cash. Even if we drop 20% here I’m protected and my loss would be minimal. I’m protected and rebalanced to survive a big correction. So they could go to zero and I’m fine lol. My cash is earning .70% each month and that earns me enough where I’m happy while it wait. I am all about a correction. It’s needs to bring new money in . And they need to flush people out. It will be healthy and much needed. It’s just a matter of when.
Some sectors are already in bear territory. The dividend stocks will be next to retreat. Those lofty levels can’t be supported. The S&P is now priced for 2023 and beyond. I don’t have the why and why not answer. I’m just going by instincts. I can remember when the pandemic hit and at the time I lightened up and went 70% cash. That turned out to be a great idea and got back in at or near the lows. Now we’re way up and when near bankrupt companies are at all time highs. That’s scary to process lol . Just think about stocks like SIX, RRGB ect. The list is mile long. These companies are in trouble and won’t survive yet they get bid up. Lucky those investors for now lol
That’s all for now. We will see if the Bears attack or the bull keeps charging lol