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- 20 July 2021
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well two words might explain the current stock market ( except in Australia *)
irrational exuberance or alternatively T.I.N.A. ( there is no alternative )
bonds are facing possible official rate cuts ( i think the Fed will bluff not cut , but i am the minority ) and reduced buying from foreign investors
private equity/credit has a reputation of being illiquid , when YOU need the cash immediately
and there is always your bank which MIGHT open Monday
those who DON'T love stocks ( but have money to park ) should start digging a hole in the garage for your new gold/silver safe , because regulations could grab your cache at any time they deem fit ( and can find it )
* Australia may be facing a 'healthy retrace' ( or worse )
i am think a MAJOR DISTRACTION very soon , but i have been wrong before
irrational exuberance or alternatively T.I.N.A. ( there is no alternative )
bonds are facing possible official rate cuts ( i think the Fed will bluff not cut , but i am the minority ) and reduced buying from foreign investors
private equity/credit has a reputation of being illiquid , when YOU need the cash immediately
and there is always your bank which MIGHT open Monday
those who DON'T love stocks ( but have money to park ) should start digging a hole in the garage for your new gold/silver safe , because regulations could grab your cache at any time they deem fit ( and can find it )
* Australia may be facing a 'healthy retrace' ( or worse )
i am think a MAJOR DISTRACTION very soon , but i have been wrong before
