One feels stupid for not participating in this rally, yet to jump in now seems even more insane. Particularly to see the tech laden profit absent NASDAQ where it is has me shaking my head.
Truthfully, at home liquidity is the way to go. Safes have been selling as well as guns and ammo, on the interesting theory that virtual money might become worthless for any number of reasons, but the small amount of physical legal tender Greenbacks in the economy (about 4% and falling) will still be accepted currency even if the virtual currency blows up.
That is, vendors can demand paper and coin, or no sale. And because there is so little of it, its value may skyrocket, just like it did at the onset of the Great Depression.
“You could buy a pound of hamburger for a nickel, but nobody had any nickels”, was the saying, but it includes a tacit axiom, that those who had a lot of nickels made out like bandits. And there were some.
Banks failed and had holidays from 3 to 300 days long. But some people had a lot of cash at home, and, albeit more discreetly than in the Roaring ‘20’s, were able to live the good life while the economy floundered.