Well, I can’t really advise you without much more knowledge, but in general, I’ll tell you that I myself am not counting on a Santa Claus Rally-already out until correction or crash. Invested in some real estate and Food, and keeping more than usual in cash.
In fact I’m pretty sure that the powers that be are going to go all out to crash this market and anything else they can do to hurt USA and Trump. Remains to be seen, if they can do it.
When the Fed kept the rates basically at zero, then people were arbitraging. So they invested in other countries and currency on margin. The minute the Fed. started raising rates, the funds started coming out of those emerging markets.
All the economies are already in the toilet, including Euroweenies, and the yield curve is now inverted-a signal for downturn in our future.
No way to predict, at this point. I wish you had liquidated what you needed a few weeks ago. Guess at this point, it all boils down to - DO YOU FEEL LUCKY?
I tend to agree with you. This feels like the start of the dot com crash and the start of our troubles in 2007. The move from no volatility to 900 points a day is a sure sign that the machines don’t know what is happening.
Sure there is 4% unemployment. But I know my company is tightening its belt going into the next year. Debt is getting more expensive and that is sucking cash out of our business.
A one week rally is not going to fix all this.