Maserati wrote:
Ha! Sorry about that.
Lol the robotic response from Flagpole. Even with this year’s dent, I have beaten overall, very handily, over the past 20 years. And not beating a so-called diversified portfolio as you likely have, but beating the S&P.
All while assuming less risk, but doing more work to compensate.
You are still not honest with yourself, nor do you yet display any class or understanding whatsoever.
At the moment I wish nothing more than a huge market reset.
Maserati,
I did not troll you. I consider you to be one of the few decent people on this site.
In response to your post, $14 Trillion in central bank liquidity has made index funds, risk parity strategies, algorithmic trading, leveraged stock buybacks, margin debt, short vix, crypto currencies, as well as most risk investments, one way bets. Like a ruler standing on end, the seeming market stability masks the underlying vulnerability of a lack of price discovery, and tens of $Trillions betting the same direction—up. It remains to be seen whether the experiment of central bank buying of bonds, ETFs and stocks truly makes this time different, or has created a payback to foolishness that will be historic, and written about for decades.
Igy