Mass profit taking is coming, get out while you can,
(Mass profit taking is coming)
That’s what I would expect
Mass profit taking is coming get out while you can.
The question is get out and go where?
If you look at the world, the Middle East is about to explode, China has a real estate crisis and possible war with Taiwan, with repression in Hong Kong. There is war with Ukraine and Russia. You have several Central and South American countries with huge economic and political problems.
If you are a rich person, who lives outside of the USA, where are you going to put your money? In Argentine peso backed bonds where inflation is in the triple digits? In Bitcoins?
Let’s say you live in the USA and have retirement savings mostly in the S&P500? Do you pull your money out and park it in a back savings account? A certificate of deposit that is not FDIC insured? Do you put it in a corporate bond fund?
Even if the fundamentals say that the US stock market should crash, what about all those foreign investors buying in, because the US economy is so much better than most of the other countries in the world? Won’t they keep the market prices high as they buy and buy and buy?
The US stock market is way over priced based on fundamentals. The US economy based on the horrible federal debt is going to have a day of reckoning. At some point the money now in the stock market will find something else.
Investments in gold and silver are in things that you can’t eat. They are in things that only have value if other people want them.