What Did You Buy Today?

[fenders53]

Wasn't my intent to state the entire market needs to reset although it wouldn't shock me. I AM saying it's time to stop mindlessly buying anything you want because interest rates are low. I've thought that since last fall. Never mind the obvious froth in dozens of reopening stocks with burning balance sheets. The Spec stocks needed reset and it just happened big time. Just how much is too much to pay for soap and paper towel companies that may have 2% growth for years? If you bought Chlorox at a 30+ forward PE you might be waiting 5+ years to break even. The aristocrats are now loaded with stocks that are low yielding and highly unlikely to offer anymore safety than SPY. It's my sign to be a little cautious. I can play Vegas with 5% of the port, but not if the rest is going to pullback 40%.