…Small investors are piling into overvalued markets but the smart guys – billionaires and company insiders – are heading for the exits. What do they know that you don’t?
We’re not forecasting that a market crash is imminent but we think it is wise to exercise some caution because financial markets are completely detached from reality…
- In the United States alone, Almost 10 million people remain unemployed in the U.S..
- Thousands of small businesses are forever shuttered. Rising capital costs and labor shortages may close thousands more in the coming months.
- Before COVID-19 struck, out of 3,000 large, publicly traded US companies, there were about 400 “zombie – companies that cannot generate enough operating income to cover their interest payments – and now there are more than 600 zombie companies, with $2.6 TRILLION in total debt.
- Meanwhile, US Treasury bonds are no longer the “risk-free” investment that they once were. Last year, when markets melted down, foreign investors and central banks didn’t rush into U.S. Treasuries but, instead, sold $1 trillion of U.S. Treasuries overnight…
- Despite what the fanatics proclaim, cryptocurrencies are not yet a stable store of value. For example, in the past month, bitcoin plummeted over 40% – and then quickly rebounded 10%.
IF
BUT, if you have a long-term investment horizon with a classic asset allocation, then the risk is minimal, and the rewards are potentially unlimited…
Tim Staermose,
Chief Investment Officer, SovereignMan.com
Editor’s Note: The above article has been edited ([ ]) and abridged (…) above for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.
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