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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (1203789)	2/25/2020 6:38:36 AM
From: RetiredNow	Respond to of 1578927

Wow. I am amazed that we actually agree on something. You got it exactly right. The stock market has been flying high on air due to Fed's low interest rates and money printing ("Not QE"), share buybacks enabled by the tax breaks on cash repatriation by corporations, and trillion dollar deficits, all goosing spending and asset inflation without the solid earnings underpinning it. Exactly correct. The S&P500 earnings have been flat over the last 12 months and are very likely to come down here in the next couple quarters. So there is no reason at all for the stock market to be frothy. So if we stop right there, we are in 100% agreement. I'll leave the rest of your post alone for now. So how did you prepare? I was a bit early in my own preparations. I went into bonds and cash two years ago and have made 8-9% annual returns in bonds. Then late last year, I bought a bunch of gold/silver (CEF) and was planning on getting up to a 5% portfolio position, but only made it to 2%, before it started shooting up like a rocket. My CEF holdings are up 8% in less than two months now. I haven't owned stocks in two years, so I missed those melt up, blow off top gains, but I far prefer not to lose any money and have always been willing to miss out on gains when the risks are this elevated. I have plenty of money, so can live off very measly returns ad infinitum, so I can afford to be infinitely patient. So what did you invest in to prepare and where do you think we go from here? Do you think stocks keep correcting from here? This is not a political question and I'm just genuinely curious, because I think we're on the cusp of a major correction and the coronavirus is the Black Swan.