RE:RE:RE:RE:RE:RE:LCS unit nav to OCT 20 = approx: $14.87Experienced wrote: mouserman - agreed
As mentioned here and elsewhere, I am predicitng a recession. My latest base case is for this to happen in 1Q 2024 or early 2Q 2024. For this reason, my asset allocation is very much weighted to cash, fixed income and preferred shares and underweighted equities.
Any new positions such as the one I took and have taken in LCS are designed as both short term and opportunistic. Right now, I must admit that I am taking a chance reloading at this time, albeit in an underweight position. The time will come in the not too distant future, as per my base base when it will be too risky to do even that.
Experienced....agreed. now the market is looking past the recession. https://markets.businessinsider.com/news/stocks/vix-stock-market-volatility-indicator-sp500-bottom-cboe-recession-bulls-2023-10