Posted on 02/26/2021 1:43:37 PM PST by cann
401 k is totally if money markets.....made the move a week ago....felt the elevator starting to shake.
The bitcoin bull might be where the smart money went in the last few weeks.....
It's many times an ugly dog contest. The blue ribbon winner is not the prettiest dog, just not as ugly as the other ones.
I was on the right side of that move!
LOL. I was out of stocks and into MM fund (on 'Standby') just after Election Week (I'd never seen it take a whole week before...thought I might have slipped into an Alternate Reality).
But the last 3 months for Bonds, and the last 2 days for stocks, have me recalling the Misery Index...climaxing under President Carter (D), resolving under President Reagan (R).
Misery Index = High Unemployment AND High Inflation, simultaneously (D). The Economists of the day said it could NEVER happen...impossible!! But there it was.
Solved it under President Reagan with the notion of 'Supply-Side Economics' based on the Laffer Curve. Economists of the day said it would NEVER work...impossible. George H.W. Bush (R?) called it 'Voodoo Economics'. But there it was. Peace and Prosperity (R). Not as good as the Peace and Prosperity under President Trump (R), but still pretty good.
After reading all these possible predictions, the immortal words of Yogi Berra come to mind:
“Predicting is hard, especially when it comes to the future”.
You and me both. But... at least we didn't lose it all if a crash happened, and pulling back is a good insurance bet. The coming crash will be very bad, Depression-era bad. I'm now seeing my bond portfolio losing money. We're in for a rough road ahead, so it's okay to have pulled back from the markets.
“Predicting is hard, especially when it comes to the future”.
LOL, so true! Yogi also said...
"You can observe a lot by just watching."
and,
"It's like déjà vu all over again."
Stocks, on the other hand, have dropped severely then regain slowly. I have had times when the stock portfolio crashed 10-20% in a couple days then took months to recover.
“Hillary made a killing in Cattle Futures.”
Not quite. Hillary made a hundred thousand or two in Cattle Futures. She made her killing at Fort Marcy Park.
I did the exact same thing and am of your same opinion in about two years
Yogi also said:
“Nobody goes to that restaurant anymore. It’s too crowded.”
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