The problem with selling all your Equities (e.g. S&P500) .. is that now you are long FIAT currency d0gshit currency. And now you need to allocate the capital somewhere.... as its continuously being printed into oblivion. Although most of these guys would probably make a killing in Gold/Silver and/or Bitcoin, they are weak cowards and too afraid to publicly announce such a call, because they're scared of their 'legacy' and 'reputation', that no-one gives a hoot about.
@ironchef @Clubber Lang Before the bottom, during the bottom, after the bottom and while all of this was going on, (since feb 20 till the end of march), their very best force of sales ninjas, could be buying hard, by selling hard on fear, behind closed doors, otc etc. After all, if Icahn named most CEO's as dummies, then the director board must be even dummier. (tho he is way smaller, than Buffet) $1 - $15 Bil funds, should have had a golden year. Just an opinion after all & easier said than done.
Best post of the week. I think this summarizes what's been happening since March quite well. Everyone is waiting for the market to drop because of a shitting economy. But if we really consider that inflation will be an actual thing in the future, the market is maybe one of the best places where you can protect your wealth. I think if we look back to different eras where markets dropped based on a sour economy or high inflation, we didn't have the sheer wealth out there that needed to be protected. Perhaps the market isn't so much a reflection of the economy, or future cash flow as some people say, but rather just a store of wealth. Way more liquid than houses, and with the FED put, along with countless pensioners relying on it, there is simply no better place to park your money than there.
How many here expected trillions in helicopter money from a fiscally conservative (lol) controlled Congress and an unhinged fed? I see a lot of armchair quarterbacking and not a whole lot of shape ratios being posted here.