Stocks at record high. Anyone getting out?

[tabs]

The USD has been falling and foreigners are not so quick to purchase US Treasuries so the FED as usual is stepping in as the buyer of last resort..(they have to buy on the Secondary mkt).

So it appears the worm has turned on the USD. and that ADVERSE SHIFT is beginning to take place. the point is that the FED is aware of the consequences of their actions.. yet they are forced to continue by circumstances. that in of itself should be telling you that desperation is setting in.

[tabs]

It is pointless to argue with anybody here. either you get it or you are out to lunch.

There is no Macro economy anymore..just the FED and Central Bank printing and Governments borrowing.

[wdfifteen]

By law I have to start cashing in my IRA in 17 months, so I'm beginning to selectively sell while the market is high. I don't think the possible rewards I might get in 17 months are worth the possibility of having to sell during a down market.

[sammyg2]

Originally Posted by tabs

It is pointless to argue with anybody here. either you get it or you are out to lunch.

There is no Macro economy anymore..just the FED and Central Bank printing and Governments borrowing.

You are right and everyone else in the whole entire world is wrong. got it.

You've been spewing the same story for 10 years, and for 10 years you have been wrong.
When will you be right?

[tabs]

Originally Posted by sammyg2

You are right and everyone else in the whole entire world is wrong. got it.

You've been spewing the same story for 10 years, and for 10 years you have been wrong.
When will you be right?

The question is not when I will get it right, but when will you come to your senses and face reality as it is.

1.I suppose you think that Tesla with a PE Ratio of 1,120 is rational?

2. The Labor Department announced this week that the Unemployment Stats that they issue are subject to being INACCURATE...

3. The Central Banks have printed apx 20T USD since March

4. The FED is QEing 120B a month which is 0.58% of GDP

5. Since March 2020 the FED has printed 21% of all the USD's in circulation.

6. The CARES Act put 2.4T into the economy to stimulate it. NOw Congress is wrangliing over another 700B to 2T stimulus package

7. The Chinese are beginning to slowly liquidate 200B of their US Treasury position

8. The FED has bought 240B in US Treasuries as a buyer of last resort since March.

9. The USD is beginning to fall in value in the face of all the monetary printing. The USD is becoming toxic

10. Gold and Silver have recently hit new highs, Buffet who has previously eschewed Gold has bought 560M of Barrick Gold Stock

11. The Gold Brokers have noticed that nobody is taking possession of the Gold contracts upon expiration as they believe that the Gold vaults are empty. BA has projected 3000 Gold KITCO 5000 Gold RICKARD 50,000 Gold

12. There are massive furloughs that have become permanent along will large number of permanent business closing and BK's. Neiman Marcus, SAKS 5th Ave. The coming wave will be in Commercial RE.

13. Black Friday was a bust.

14. there have been 17.4M NCIS checks so far this year with 7.5M being first time buyers. Guns and Ammo fly off the shelves no matter the price

15. There are shortages of food and suppies in the food store

16. The Food Bank lines stretch for miles just like in the Great Depression..

17. Millions of people do not have the money to pay their rent nor money to buy food.

18. People are fleeing the big cities like NYC, SF and LA headed to more rural or suburban environments for health, safety and economic reasons. Which has resulted in a decline in RE prices and rents in those cities. The attendant fallout is that the formely occupied Commercial office space is now becoming vacant.

That should be sufficient for now.

[tabs]

Let me be very CLEAR, I have been warning since 1980 and most vociferously since 08 THAT A ECONOMIC COLLAPSE WAS COMING. As Jesus said no one knows the hour or the day but the Father. I have said rather sarcastically that my Oujia Board, Tea Leaves, Astrological Charts, Tarot Cards and Crystal Ball indicate 2022 as a time frame give or take e a bit as it is not rocket science.

At this time the economic situation has certainly become precarious and is on track for that denouement in or about 2022. The US with about an 80T USD NEGATIVE NET WORTH I do not see how it is rationally possible to think or believe that the the existing system can right itself let alone survive. The American people have eaten the hamburger on credit and are now going to have to pay for it.

[RWebb]

real hamburger?

or tissue culture?

[tabs]

Originally Posted by RWebb

real hamburger?

or tissue culture?

You tell me you have been eating them for decades..

[RWebb]

I'll tell you that if you tell me what stocks to sell first.

[lukeh]

Originally Posted by wdfifteen

By law I have to start cashing in my IRA in 17 months, so I'm beginning to selectively sell while the market is high. I don't think the possible rewards I might get in 17 months are worth the possibility of having to sell during a down market.

You don't have to sell the securities in your IRA when you reach age 72. You can keep the securities and just transfer the shares to a non qualified account.

[fintstone]

Have to be careful to spread out much you draw out each year because of pushing into a much higher tax bracket...which will also double or triple how much you have to pay for medicare the next year.

[fintstone]

My index fund based 401K is up almost 80% since March. Pretty sure that I am glad I didn't decide not to keep that money working.