“Contrarian sell signal”
Agreed. Anyone who’s putting new money into the market at this point is crazy. To me this feels a lot like ‘99-’00, where it wasn’t unusual for the Sun Microsystems, the Yahoos etc to be putting up the kind of daily gains we’re seeing now from Nvidia, Tesla, etc., hell even Costco!
I’m not really selling yet, but I’m tempted to take a fair amount off the table next week. The problems with selling: taxable capital gains and where to put the proceeds. Cash is trash at the moment, as inflation means real interest rates negative. And real estate? Also in ridiculous bubble territory.
*Well you can’t put your money in ANY bonds.*
Say me why.

Real estate is actually nowhere close to its all time high - measured in gold, or oil, or against a basket of commodities. It only looks overpriced in US dollars. Watch Jason Hartman on YouTube for a full explanation. Because of its tax-advantaged status, residential rental real estate is the best option investors have left - at least until the Biden Administration starts taking those advantages away.
And the Big Question is: where do you put cash just to preserve value and (hopefully!) see some gains? Gold? If gold-sellers take cash for gold, where do they put their cash?
The problems with selling: taxable capital gains and where to put the proceeds. Cash is trash at the moment, as inflation means real interest rates negative. And real estate? Also in ridiculous bubble territory.
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The perfect bubble; now “infecting” all assets.