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SPX concerns - weekly all time highs

JustAnotherTimeline

JustAnotherTimeline

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Jul 29, 2021
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Is anyone else getting concerned with weekly S&P all time highs? Don't get me wrong, the gains are nice, but something feels off. With the seemingly never-ending QE the market seems so manipulated that it feels like a house of cards. I worry we are staring down another 2008-like financial event of some kind in the not too distant future.
 
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JustAnotherTimeline said:
Is anyone else getting concerned with weekly S&P all time highs? Don't get me wrong, the gains are nice, but something feels off. With the seemingly never-ending QE the market seems so manipulated that it feels like a house of cards. I worry we are staring down another 2008-like financial event of some kind in the not too distant future.
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As long as there is confidence in the USD and the US Fed is the central bank of the world... I won't loose any sleep. Too many rich people in crapy countries want to park their money here
 
JustAnotherTimeline said:
Is anyone else getting concerned with weekly S&P all time highs? Don't get me wrong, the gains are nice, but something feels off. With the seemingly never-ending QE the market seems so manipulated that it feels like a house of cards. I worry we are staring down another 2008-like financial event of some kind in the not too distant future.
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While I generally understand the sentiment, I don't see any reason for panic. I've heard this described as a TINA market; meaning, There Is No Alternative. Where else can you put your money right now? Basically, all other markets for investment aren't great right now so stocks continue to be the best place to park your money.
 
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JustAnotherTimeline said:
Is anyone else getting concerned with weekly S&P all time highs? Don't get me wrong, the gains are nice, but something feels off. With the seemingly never-ending QE the market seems so manipulated that it feels like a house of cards. I worry we are staring down another 2008-like financial event of some kind in the not too distant future.
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I've had friends pull out money starting in 2013 because the highs felt "off."

Eventually they'll be right.

In the meantime, they lost 9 years of growth.

Who knows man. I agree the whole thing is a sham and not reflective of "the economy." But I don't have any better alternatives for my money at the moment, unfortunately.
 
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JustAnotherTimeline said:
Is anyone else getting concerned with weekly S&P all time highs? Don't get me wrong, the gains are nice, but something feels off. With the seemingly never-ending QE the market seems so manipulated that it feels like a house of cards. I worry we are staring down another 2008-like financial event of some kind in the not too distant future.
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How old are you? If 65+, might be good time to back off a bit. But reallocation is something to do on a regular basis anyway.
 
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cyfan92 said:
As long as there is confidence in the USD and the US Fed is the central bank of the world... I won't loose any sleep. Too many rich people in crapy countries want to park their money here
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DXY is doing ok. But, personally I have very little confidence in our government with the rate of USD debasement. History is not on our side with these kinds of actions IMO.
 
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TXCyclones said:
While I generally understand the sentiment, I don't see any reason for panic. I've heard this described as a TINA market; meaning, There Is No Alternative. Where else can you put your money right now? Basically, all other markets for investment aren't great right now so stocks continue to be the best place to park your money.
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Yeah, that is fair. I should probably clarify, I am not entertaining or advocating drastic investment strategy changes. I was just curious if anyone else was concerned of another looming black swan event like 2008. The statistical correlation between the Fed balance sheet and the S&P is almost 1 since that time. Not good.
 
JustAnotherTimeline said:
The only hedge I know of to currency debasement is Bitcoin. And that is another conversation altogether, lol.
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Gold? Real estate?

I'm not a gold bug or commodities guy, but I do have some RE as a minor hedge. It's not real significant but it helps me sleep I suppose.
 
I'd back off if I thought inflation was transitory. I don't, so I remain about 60% in equities.
 
CascadeClone said:
Gold? Real estate?

I'm not a gold bug or commodities guy, but I do have some RE as a minor hedge. It's not real significant but it helps me sleep I suppose.
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Yeah, RE is a good hard asset alternative. Gold has been a complete dud for the last decade. Frankly, I believe Bitcoin will eventually overtake it's marketcap. Everything gold does, bitcoin does better IMO.
 
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