haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
https://www.thefelderreport.com/201...g-that-should-only-happen-once-in-1200-years/
OK, I think a 1200 year event qualifies as a bubble. And in a sector such as utilities that is usually believed to be conservative investors' domain! Likewise some other "bond substitutes" are at 2 sigma overvaluations. Bonds themselves are showing heroic interest rate and in some sectors default assumptions.
Another bubbly thing is the increasing reliance on index funds in stock market investing. You don't have to tell me that these are cheaper in terms of annual charges, but they also make no pretense to any price discipline in security choice. For my money, perhaps not a great all weather bet.
Always foolish to call tops, especially with bubble tops. Still, I would find this a bad time to invest new money in most of these areas. And for me, if I had money in accounts that were not subject to current taxation, I would be selling most equities that I owned in these accounts.
Ha
OK, I think a 1200 year event qualifies as a bubble. And in a sector such as utilities that is usually believed to be conservative investors' domain! Likewise some other "bond substitutes" are at 2 sigma overvaluations. Bonds themselves are showing heroic interest rate and in some sectors default assumptions.
Another bubbly thing is the increasing reliance on index funds in stock market investing. You don't have to tell me that these are cheaper in terms of annual charges, but they also make no pretense to any price discipline in security choice. For my money, perhaps not a great all weather bet.
Always foolish to call tops, especially with bubble tops. Still, I would find this a bad time to invest new money in most of these areas. And for me, if I had money in accounts that were not subject to current taxation, I would be selling most equities that I owned in these accounts.
Ha