You play it diversified in a big way. Trust me, the party does end, because eventually the good news is triple baked into the cake. Currently US pe ratios are high by any standard, but when you factor in the new tax rates, it’s a game changer. But, once equities meet that...?
There are areas and pockets of value right now, plus for the first time since the late 90s, we have a strong generically growing American economy. It isn’t growing because of monetary policy, it’s growing from economic demand and productivity. This is much like the early 80s.
Thanks for the response. You address good issues there in a reasoned way IMO. I’m no expert mind you. Still when you have a market jumping by 320 points on a day like this, man o Manischewitz. Looks like plenty of life left, but then this does have to end some day. It could be in a few days, or in another six months. I just don’t know.
We seem to be well on our way to a 50% gain (since SoBD 01/17/16) by the end of another week. We’ll see.
We could see a correction prior to that. Who knows?
I agree with diversification.
That’s always a must, especially the older you get.