Contrarian sell signal
Forty five years ago I was told when it gets too easy, look out!
“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.