Jim’s Mailbox

Posted at 8:40 AM (CST) by & filed under Jim's Mailbox.

So so true and the visuals to prove it.

Bill

Warning Light Flashing Red

April 27, 2021

When the warning light is flashing red, it’s prudent to have a capital preservation strategy in place.

Not everyone has an IRA or 401K invested in the stock market, for those who do, the red warning light is flashing red: markets have reached historic extremes on numerous fronts.

Just like in 2000, proponents claim “this time it’s different.” Back then, the claim was that since the Internet would be growing for decades, dot-com stocks could go to the moon and beyond.

The claim the the Internet would continue growing was sound, but the prediction that this growth would drive stock valuations into a never-ending bubble was unsound.

Once again we hear reasonable-sounding claims being used to support predictions of a never-ending rise in stock valuations.

Moreā€¦