Real Man, there is NOT enormous risk in being long equities. Could be some short, sharp corrections, but Rarebird is right on this call. If you are in long on big tech and the FAANG stocks, then maybe you should worry. But small and mid cap value look very very cheap. In addition, foreign stocks have very low price to book ratios. Rarebird called out Japan. I'm up 13% on Japan alone since August. Gold and silver are no-brainers right here right now. Again, Rarebird is right on that call too. If you pick your spots and layer in, then one year from now, you will be sitting on fantastic gains. Think about what is directly ahead in terms of massive upside catalysts:
* final resolution of the Presidential Election on Dec 14th when the Electoral College votes
* a steady drip drip drip of positive vaccine news as multiple vaccine phase 3 trials come to a close
* massive stimulus from Congress coming....I'd guess minimum $2 trillion
* more Fed money printing to absorb the Treasury deficits
* economy is opening up and there will be no more countrywide lockdowns....by Spring it's going to look sunny, by Summer COVID will be over
You may or may not have missed the recent run up, but there is plenty of room left to run in the things that are cheap. No risk, no reward. All is well and getting better form a stock market perspective. |
