I wouldn't touch this market with YOUR ten foot pole. Does this seem like a minor downturn to anyone? I've lived through three market crashes, and never have I seen an economy so bad that we had empty shelves and moms driving to Mexico for baby formula.
The three crashes I've lived through hit 50% before they turned around. The worst in history was 90%. We aren't even getting started.
Yes, I'm in cash, living it up on my 0.01% money market returns. Meanwhile, mortgage rates are over 5%, T-bills are 3%, and still we wait for the nation's crooked MM fund managers to notice. SSDD. Life in the Banana Republic of America.
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