The only reason the markets aren’t way down is the Fed has pumped up yet another bubble with magic money. Real stock prices based on actual value and earnings are a thing of the past.
Exactly! We have not seen inflation in awhile, but the federal largesse assures us of a firm foundation under asset prices. The Fed and US Treasury are taking the opportunity to lock in low long term rates and then We will inflate our way out of this.
” Real stock prices based on actual value and earnings are a thing of the past.”
So, is it time to reduce exposure, even with the big loss we’ve taken?