While I do not adhere to the lead,foottuffs, and metals philosophy, I can honestly say I am seeing some precedent setting trends that I haven't seen at least in my investing lifetime.
I think the Baltic index is a pretty good barometer of what overall world financial conditions are heading toward. I expect a very bearish extended market for years. Right now, I am avoiding like the plague tech stocks, and anything, repeat anything of an equity that is speculative in nature,and anything with low P/E ratios. Also am only going after low debt , well run companies that have products that have sustainable long term demand
I can not and will not predict how low the markets will go or when this is going to happen.. All I know is we are going to see something at least as bad as 2008-2010. And in this era "real time investing (i.e example of of flash crashes),, it will happen fast. In my particular case, I am only staying (repeat staying) in those stocks that provide the essentials. Fuel, Food, Pharma, Home. and Real Estate I also expect at the trough, there will be some once in a lifetime bargain opportunities too.
What has got very little press lately, and shockingly is that the debt has reached $19T Folks, this is unsustainable As our enemies drive to take the dollar off as reference currency, and likely push toward a world-wide currency, this little event if going to be a rocky road. Not a gold bug, but protect yourself.
Finally, I have people who ask advise, and i refuse to give it. Every person's financial situation is different, and there is no one size fits all. But i will mention one observation that i told someone recently..... In my 30 years, I have never seen a situation, like now, where there is absolutely no decent choices of financial options to invest in. The Fed, Our government, et. al. have painted all of us into corner.
Your statement is very true and bears repeating:
In my 30 years, I have never seen a situation, like now, where there is absolutely no decent choices of financial options to invest in. The Fed, Our government, et. al. have painted all of us into corner.