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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: skinowski who wrote (40142)4/1/2024 4:25:11 PM
From: Perspective1 Recommendation

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skinowski

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That's kind of what I was thinking: it appears to be a major breakout from a cup w/handle on the very long term charts, with the relative valuations stretched like an exercise band after a month in the gorilla cage at the zoo. And very little fanfare. Just the kind of thing that should happen at the beginning of a true bull market move.

Doesn't mean it will happen, but the fuel is certainly there in ample supply. I'm still trying to wrap my head around the idea that we might see a $50 minimum wage in 2040, million dollar median homes, and 12% interest rates. It's a world that few people can imagine. I'm sure it was hard to imagine $100K homes in 1968. It would bring a lot of pain to what's left of the middle class, and stocks would have a hard time on the journey there. Hard to imagine after two successive real estate bubbles, but it's actually more likely than a repeat of the past 30 years.

My hope is that I can get another startup off the ground, and hopefully build enough value this time so that I can ignore the financial markets for good. Oddly enough, I've periodically hoped for an environment with decent yields on bonds and utilities like my grandfather invested in when he was alive. Now that it's a reasonably likely outcome, it's a little unnerving: might be good for investing once we're there, but you have to survive the intervening time with your wealth intact.
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