Loading ...I just don’t believe stocks are capable of correcting anymore (no sarcasm). I’ve heard about the immanent stock crash, that never comes, for years. It doesn’t matter where the money comes from, all that matters is it always comes. Even a tiny drop, such as witnessed last February, always results in an ever larger flood of money and new record highs. I don’t believe stocks will ever crash again, I would sooner believe the Sahara desert could transform into a jungle.
My 401K is now 100% stocks and I have zero fear of even a tiny market drop. My bigger fear was the drop in the value of money and by holding all of my wealth in stocks I no longer have that fear. Jerry Powell and company have my back, any hint of a market drop and the Fed will ride to the rescue. Stocks and Real Estate are 100% insured by the Federal Reserve – it’s too late for me to afford even a modest condo in my area ($800K +) but at least I’m fully and safely invested in the stock market.
Individual stock market caps have gone from thousands to millions to billions and now trillions – Quadrillion market cap companies will arrive soon enough. S&P 500 –> 3000 before the end of June and to surpass 3500 by year end – if you were to ask Ben, Janet or Jerry I’m sure they would agree.
As long as zeros are cheap stocks never will be.
How I learned to stop worrying and love the bomb, I mean market, spelled F-E-D.