RE:RE:RE:RE:SidelinesYUP! agree with 100% everything you just said, you need to be flexible and sell off when you smell the dip. fiat money already is toilet paper.. but Biden will keep printing more and pumping it into the market, ride the wave up. Buy assets with your returns, and make sure anything you have invested is liquid enough to dump positions quickly.
you are correct though, its all a house of cards.
-Bac0n
rwfresh wrote: Everything you are saying is totally reasonable. But look at the market as a whole. It is completely irrational. People will bet 100 million dollars because there is no additional risk to betting it on black or sidelining it. The political and economic environment is so uncertain. Printing presses in full production, interest rates at zero.
Borrow funny money for free that could potentially hyperinflate to toilet paper and attempt to buy some tangible asset with it. Everything is hyperinflated in the market because the dollar, both CAD and USD are rapidly decreasing in value.