Not so much complacency as, depending on your status, you are either trapped because the prospect of clearing out means retirement accounts being liqiudated and huge tax hits, or you are a player who keeps pushing it up and turning around to take a profit at week’s end. I notice that the trend of consistent up-ticks through Wdnesday/Tursday, then sell offs on Friday/Monday, has slowed and it seems more tentative. Makes me think the big players know that the golden goose is ready for the dinner table and they don’t want to get caught when the inevitable happens. Moved all my retirements into Money Market to preserve the principle - 2 months ago whn it was about 12, 900 - it went up over 13,00 for a blip, hovered around 12,900 for a while and has declined enough to make me sure I didn’t screw up. Now, if only my “safe” principle doesn’t devalue to make it worthless...
Today, if I had an extra pile of cash to invest, I would put it in land with timber on it.
There is no way to create more land and timber is a long term investment with a very stable market. Taxes are low on timberland and often a hunting lease can more than pay it all.
> “Now, if only my “safe” principle doesn’t devalue to make it worthless...”
That’s the real question is what currency is safe/stable? The answer is really none longterm as they are all fiat.
Even gold is a gamble because the physical market for gold is oversold, more than is advertised so there is no guarantee gold would ever be delivered. But then who wants to take delivery of gold?
Farms? Ranches? Maybe, but one might as well bunker down as a survivalist.