btw, I really need to thank you for asking my thoghts; it makes me feel like maybe I know something about this stuff. Just a couple days ago I was trying to convince catfish1957 that the market wasn’t oversold...
The threat of the US losing it's status as benchmark currency, coupled with debt to GDP ratios indicate that this QE induced smoke and mirrors propped up market is not sustainable. The recent uptick in the 30 year bond is what I am feeling is the first sign.
Think about it. What is going to happen to an economy fueled by credit, when credit is too expensive to use or get. It is going to get ugly with what will be a blend of the 30's and the '70's.
I think those of us who have a portfolio blended across the board should be alright, but 50-80% of our population is in for a tough go.