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Strategies & Market Trends : Value Investing

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petal

To: E_K_S who wrote (72240)	2/1/2023 6:08:10 AM
From: William Cloutier	1 Recommendation Read Replies (2) of 78958

Thanks for the site. FWIW, I'm a net seller these days. My biggest position is in cash and in short term floating rates deposits/loans. I own them in an advantageous tax structure so the after-tax return is pretty interesting. With the market up this much in January only, I don't see myself taking much risks trying to make more. 4¾ to 5% in interests is way more attractive from my point of view, for now. I'll probably switch to fixed rate if the spread close a bit more. Besides, I feel like the speculative mindset is still pretty much present. The market seems to expect a beautiful scenario. "Don't fight the fed" is now "fight the fed" cause it's what justify, in part, the bull mindset. I still see/hear investors (even proclaimed value investors) value things using recent results and applying what I view as aggressive multiples. The growth expectation and qualitative intuition used as justification. Well... maybe it's just me. It's hard to express what I feel on the subject but I have some kind of malaise with the market right now. When investors are not challenging prices enough, I feel the need to take a step aside, think, watch and be patient. Good investing, WIll

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