| | | | Yep, it's a conundrum. I'm now 35% cash, 45% bonds, and 20% stocks (half US and half foreign). This market can go up for a very long time, but I'm patient. We're in nosebleed land without much of a safety net. A lot of people are going to get burned. Even at my current allocations, I'm assuming I will lose several years worth of income when the downturn in the markets hit. Anyway, I have enough retirement money to give me income at my current living standard until I'm 109 years old, so I can lose a few years of income and not lose any sleep. However, I just absolutely believe when the crash comes, it may be the worst in history...worse than the drop in the Great Depression. The higher they grow the harder they fall. This fall, may actually mean the end of USD hegemony as well. This might be the final hurrah. I just hope Americans are smart enough to understand that the Fed will be the one to blame for it all. I know Trump is trying to take credit for the stock markets, but he's wrong. The Fed created this everything bubble and they will be at fault when it crashes. It will be faintly amusing to watch everyone blame Trump, though. He's setting himself up to be everyone's favorite punching bag. |
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