Don’t tell me you saw an article saying now is the time to buy the dip or hang on and wait it out. Don’t tell me you are still listening to all the clowns trying to freeze retail investors in place. Please don’t.
The markets like to retest lows. And in bear markets they usually fail. And in the most over-valued market in history, they don’t just linger near the top during deep economic contractions. They just don’t, unless…
Unless the Department of Debt (formerly known as the Treasury) gets Congress’ approval to buy stocks directly using money created out-of-thin-air. Then we could have a bull market all the way through a depression. But until I see this trend develop, I would save some principle to invest another day.
Invest safe,
Michael Bond
TSP & Vanguard Smart Investor serves serious and reluctant investors
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Categories: Perspectives