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JohnSJ

(96,779 posts)
3. I used bitcoin as an example of speculation in the market. It was like when they were pushing "windmills". There are
Thu Dec 5, 2024, 10:04 AM
Dec 5

also a good number of commercials pushing gold.

When I see quality companies lagging the market over more speculative companies, to me that smells trouble.

Like I said I don't see it happening quickly though unless something really unexpected happens, and may probably will take place after the sociopath leaves office. That is what happened with the S&L crisis, and the most recent example was the liquidity crash at the end of bush's term, which was a direct result of the deregulation which had been going on since regan, and finallized with Clinton.

If he fully implements his tarriffs it will be inflationary, and should stop consumer buying of non-essentials. A lot will depend on employment which is at record lows.

The only thing I am doing is having a well diversified portfolio with quality companies, bonds, etc. which I have accumulated over the years. The problem is that a lot of people do not have that benefit of time, and are living hand to mouth, and I don't think they are saving very much.



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