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I've timed the market perfectly so far, and I do think the
Posted on: August 17, 2020 at 16:56:37 CT
zounami MU
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bull market is getting close to running out of steam. So I'm not a "cheerleader" at this point, but I was in late in March when it was clear that equities had been oversold by panicked investors, and that there would be a snapback following the stimulus packages.
The current valuations (if you look at P/E ratios) are becoming hard to justify, so recently I've been reallocating my portfolio accordingly — e.g. I've increased my gold position substantially over the past month or so, which has paid off nicely.
I think there's going to be waves of inflation (possibly hyperinflation) over the coming years due to INSANE debt spending that's projected to get even worse especially if democrats are elected — I've seen estimates of an $80T+ national debt before 2030.
The current valuations (if you look at P/E ratios) are becoming hard to justify, so recently I've been reallocating my portfolio accordingly — e.g. I've increased my gold position substantially over the past month or so, which has paid off nicely.
I think there's going to be waves of inflation (possibly hyperinflation) over the coming years due to INSANE debt spending that's projected to get even worse especially if democrats are elected — I've seen estimates of an $80T+ national debt before 2030.
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I've timed the market perfectly so far, and I do think the - zounami A - 8/17 16:56:37