Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (157515)	5/6/2020 8:25:35 AM
From: TobagoJack	2 Recommendations Recommended By ggersh Secret_Agent_Man Read Replies (3) \| Respond to of 217543

re <<I don't see how whatever happens will be not in the Zimbabwe assignat Argentinian Weimar direction>> this may not be as dark as ... we must not hold too much cash, by and by the timing I am guessing must require exquisite precision but at the same time never too late to get out Crescat Capital founder Kevin Smith calls this US rally the "last chance to sell" .. and believes this is much like the initial relief rally after 1929s Black Tuesday... after which the DOW dropped another 89% before ultimately bottoming. In his view, what we are seeing now is merely the juiced up reaction to Fed stimulous, but behind that we still have the same "insane valuation multiples and overleveraged corporate balance sheets" .. he points to the S&P 500’s median enterprise value to sales (EV/sales) ratio had already ballooned twice as high as it did during either the financial crisis or dotcom bubble. Crescat has long pressed investors to get long gold vs equities ("the trade of the century!") which puts them in a very niche crowd right now they like SILV better... as well as the precious metals mining complex ...and they are short HKD & CNY (another niche crowd). If the Warren Buffet "never bet against America" viewpoint felt a little sickly sweet, or the prospects of schools reopening cheered you to the point of needing to take the edge off, then this site / youtube is for you. And if that isn't dark enough, there's always the 4 horsemen. youtube: https://youtu.be/qfisLXIoi8M and letter: https://www.crescat.net/this-is-it/