I'm seriously thinking about going to a conservative portolio...something like 35% in stocks, 40% bonds and the rest in cash and gold.
The US market is where it was a year ago. This makes no sense to me, given the wall of pain we're looking at.
I've never been bearish in my life until now. But i'm getting into the last few years of my work life, I have enough money, my stock position is worrying me...I'm just not sure why I am taking all this risk. So I can have more money? I have enough money. I can live without the fantasy car I want.
Argentina has defaulted, China is conquering HK and invading India and spoiling for a fight in the China Sea. Worldwide ecomomies are crushed. Globalism is dented and damaged. Interest rates indicate deflation is coming. Trump vs biden is going to be terrible for the nation. Yet stocks are expensive.
Expensive stocks just dont seem to make sense right now.
The only bullish thing I can say is that once we have a vaccine there are several trillion dollars of newly printed money out there waiting to be spent. And it will be spent. And people can borrow money for houses and cars at next to zero rates. And the yield curve is positive, indicating growth is coming.