Fri, 11 December 2020
Our good friend Dr. Steve Turley joined up. Forever the optimist, he believes that justice will eventually be served and that there's an unstoppable rise of conservatism and nationalism. Others are not quite so sanguine. We hope that Steve is right and the rest of us are wrong. |
Fri, 11 December 2020
If bond prices start spiking then look out below. When the Door-Dash’s of the world go up 90 percent in a day, something is amiss. 40 percent of publicly traded companies aren’t marking money. 20 percent of them are zombies who can’t even make enough to pay their debt service. People have to have a hedge other than Wall Street’s 60-40 portfolio allocation strategy. Wall Street is betting on the return to normalcy trade. The buy and hold Mantra of Wall Street is sure to fail. When will the next crash come, because it’s going to happen, it’s just a matter of when. Being prepared and hedged is the key to not just surviving but thriving as well. |
