Very humbled and grateful for your recommendation, Richard. Thank you.
Here is what I wrote to my subscribers this afternoon....
As I wrote last week, I am getting a bit more cautious about the market. FOMO, froth, rocket emojis and diamond hands are showing up again in the financial media, fin twit and online forums. We have seen this movie play out multiple times over the past three years. We all know what tends to happen next. It amazes me how investors do not learn lessons even though they are so recent and should be fresh in our memories.
My long time readers know that I am not a perma-bear. If you read my posts from last year, arguably one of the worst for investor portfolios in recent times, you will see how I was mostly positive about markets, the economy, consumers etc. And I continue to believe that stocks are some of the best places to put money to work.
I am not advocating a crash…I want to be clear about that. I am just being cautious right now. I think we will have some sort of pull back leading up to Dec 15th that will then be followed by markets rising back into the new year. I was expecting these conditions in late Dec. However, everything seems to be sped up by 2-3 weeks. Mr. Market loves to keep us on our toes. (I could be proven completely wrong.)
My stock wish list is ready. My buy points have been identified. Game on!
Possible improving credit conditions improve outlook for capex and re-financing nullifying Ackman scenario. Ultimately though inverted yield curve proves too much, a recession pushed out to late 2024/25...? Anyone’s guess
Very humbled and grateful for your recommendation, Richard. Thank you.
Here is what I wrote to my subscribers this afternoon....
As I wrote last week, I am getting a bit more cautious about the market. FOMO, froth, rocket emojis and diamond hands are showing up again in the financial media, fin twit and online forums. We have seen this movie play out multiple times over the past three years. We all know what tends to happen next. It amazes me how investors do not learn lessons even though they are so recent and should be fresh in our memories.
My long time readers know that I am not a perma-bear. If you read my posts from last year, arguably one of the worst for investor portfolios in recent times, you will see how I was mostly positive about markets, the economy, consumers etc. And I continue to believe that stocks are some of the best places to put money to work.
I am not advocating a crash…I want to be clear about that. I am just being cautious right now. I think we will have some sort of pull back leading up to Dec 15th that will then be followed by markets rising back into the new year. I was expecting these conditions in late Dec. However, everything seems to be sped up by 2-3 weeks. Mr. Market loves to keep us on our toes. (I could be proven completely wrong.)
My stock wish list is ready. My buy points have been identified. Game on!
Thank you for sharing!
Possible improving credit conditions improve outlook for capex and re-financing nullifying Ackman scenario. Ultimately though inverted yield curve proves too much, a recession pushed out to late 2024/25...? Anyone’s guess
Not sure banks and private credit investors would agree with the improving credit conditions
Thanks for the mention, Richard! Cheers!